Forward P/E Ratio and Subsequent 5-Year Annualized Returns

Current high valuations in the U.S. stock market indicate that investors may face lackluster returns over the next decade, leaving them feeling like a cat stuck in a tree—confused, anxious, and hoping for a miracle!

Image: J.P. Morgan Asset Management

S&P 500 Forward P/E Ratios and Subsequent 10-Year Returns