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![David Watson 🥑](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="96" height="96"><rect fill-opacity="0"/></svg>)
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Lets hope this is just a phase. But it looks more and more unlikely everyday. We're probably plunging into a second Cold War. Maybe even a full on WW3 if things go badly enough
$SPY $SPX The S&P 500’s forward P/E ratio is 21.68x to start 2025. Historically, higher valuations have led to lower long-term returns.
Are we heading for muted gains? 
Here’s the historical context: 
#SP500 #Investing #Markets
Here’s the historical context:
#SP500 #Investing #Markets
The challenge of striking the right balance between "thanks, Obama" [sarcastic] and "thanks, Obama" [sincere].
Steven Pinker jinxed the world
