Market Resilience or Investors In Denial? A Mid-year Assessment for 2023!
Musings on Markets
JULY 17, 2023
After the run up in stock prices in the first six months, stocks look fairly valued, given estimated earnings and cash flows, and assuming that long term rates have found their steady state. In 2022, old-time value investors felt vindicated, as the damage that year was inflicted on the highest growth companies, especially in technology.
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