X Post From FFAE: Peter Lynch's PEG


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The earnings machine that powered the bull market for 2,275 days is decelerating after U.S. gross domestic product contracted in the first quarter and corporate revenue is tempered by a stronger dollar and sinking oil.

That’s not good news for investors at a time when valuations have resisted expansion. At about 17 times forecast earnings, the index’s P/E is 15 percent above its average in the past two decades, data compiled by Bloomberg and Yardeni show.