Real earnings yield for the S&P 500 Index hasn’t been so deep into negative territory since 19

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Real earnings yield for the S&P 500 Index hasn’t been so deep into negative territory since 1947, and this portends downside risks for stocks, acc to BoA. There have been only 4 historical instances of neg real earnings yield, all of which resulted in bear markets. (BBG) h/t Holger Zschaepitz

Real earnings yield for the S&P 500 Index hasn’t been so deep into negative territory since 19

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