
Key points
Bloomberg Fed sentiment index vs S&P 500 forward P/E | Forward P/E compressed from above 23x to about 18x as the Fed turned hawkish
Image source: @MikeZaccardi

Bloomberg Fed sentiment index vs S&P 500 forward P/E | Forward P/E compressed from above 23x to about 18x as the Fed turned hawkish
Image source: @MikeZaccardi