S&P 500 Normalized P/E vs. Subsequent Annualized Returns
Chart suggesting annual returns of around 5% over the next 10 years (R² = 0.79).
Image: BofA Merrill Lynch US Equity & US Quant Strategy
Chart suggesting annual returns of around 5% over the next 10 years (R² = 0.79).
Image: BofA Merrill Lynch US Equity & US Quant Strategy