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US stocks at most expensive relative to bonds since dotcom era

Tech-fuelled equity rally throws up red flag on ‘Fed model’ for comparing valuations

©The Financial Times Limited 2020 Jan 24, 2025 / 11:53 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
US stocks have now regained all the ground lost during a fall since December.
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