Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations for investment returns. On August 4, 2020, the 10-year Treasury yield hit its all-time low of 0.52%. As of December 31, it was 3.88%. P/E10 and Inflation Here is a scatter graph with the [...] The post Market Valuation, Inflation and Treasury Yields: December 2023 appeared first on ETF Trends .