Global stocks have lost $3.5tn in mkt cap this week almost equal to GDP of Germany as especially Tec

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Global stocks have lost $3.5tn in mkt cap this week almost equal to GDP of Germany as especially Tech came under valuation pressure from rising bond yields. Stock mkt P/E valuations have expanded significantly during pandemic & S&P 500 is now trading at 2021e elevated P/E of 21.4 h/t Holger Zschaepitz

Global stocks have lost $3.5tn in mkt cap this week almost equal to GDP of Germany as especially Tec

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