Gunjan Banerji: Stocks become cheaper as S&P 500 hits records

Gunjan Banerji: Stocks become cheaper as S&P 500 hits records
Stocks cheaper as S&P 500 sets records

Gunjan Banerji reports that stocks have become cheaper even as the S&P 500 has reached new record highs.

She cites commentary from Ed Yardeni, who observes that S&P 500 forward earnings have risen twice as fast as the index itself so far this year, suggesting improved earnings outlook relative to stock prices.

Earlier this year, Banerji reported that the S&P 500 equal weighted index jumped 10.8% over five days, its biggest such gain since April 2020. She also covered a rise in data center construction outlays, which hit an annual rate of $68.3 billion in June, up $21.5 billion from the prior year. These developments reflect ongoing activity across key segments of the U.S. market.

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