Investors are at a crossroads, lured by attractive stocks and deterred by a rapid slide in bond yields
One comfort investors have found in the markets’ tumult over the past month: Share prices are looking like relative bargains.
Stocks are at their cheapest valuations in months. Shares of companies in the S&P 500 are currently trading at 15.7 times their earnings over the next 12 months, down from nearly 17 times in early May, according to FactSet.
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