S&P 500 looks expensive, but for good reason, BofA's Subramanian says

9 hours ago 1
Wall Street sign, New York City, USA

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The Standard & Poor’s 500 (SP500) stock index is statistically expensive on every valuation metric tracked by Bank of America, but equity and quant strategist Savita Subramanian argues this is a feature, not a bug, of today's high-quality, tech-heavy index.

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