Gold’s Nigh High Goes Awry
May 21, 2023 at 19:44 PM EDT
One year ago on May 19, 2022, the S&P stood at 3901, today it stands at 4199, an increase of 6.9%. Similarly on that exact day a year ago, our “live” price/earnings ratio for the S&P was 29.8x, today it is 52.9x, an increase of 43.7%.
