Is the market cheap or expensive? Syl Michelin explains why the current valuation spread makes it challenging to formulate an answer to that question.
Consumer Discretionary
The Evolution of the S&P 500: Where Do We Go From Here?
At a glance, the S&P 500 in 2020 looked like the same U.S.-dominated bull market of the last decade. But what trends were at play and how have they shifted since 2009?