Many market watchers use above-average CAPE readings as a signal that stocks should underperform or even fall as it reverts back to its long-term mean. But CAPE’s mean doesn’t actually have much pull.
The stock market rally is on the back foot, while the Nasdaq has lagged the S&P 500 for nearly a year. But Apple is holding up.
Colin Stewart, Quant Insight Head of Americas, and Jay Hatfield, InfraCap Founder and CEO, join Yahoo Finance Live to discuss the S&P outlook, the Fed, inflation, and yield curves, in addition to commenting on Jamie Dimon's predictions for interest rate hikes.