FYI: The recent rally to new highs for the S&P 500 has caused the index’s valuation to jump as well. In fact, the S&P’s trailing 12-month P/E ratio has just eclipsed 20 for the first time since the early days of the current bull market. The last time the index’s trailing P/E was above 20 was on December 30th, 2009. Below is a chart showing this valuation reading since April 2009.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/sp-500-trailing-pe-crosses-above-20/