SentimentEdge report

Jason Goepfert

12-22-2020 at 11:00 am

A new record in severely overvalued companies

The rise in sentiment has coincided with a spike in valuations of S&P 500 companies. Nearly 40% of stocks are now severely overvalued, the most in more than 40 years. Net of undervalued companies, we've never seen extremes like this, and high values have preceded weak returns.

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