Valuation Here & There

(1) The ideal mix of inflation, interest rates, and growth might be 2-2-2. (2) Low growth is good growth the longer it lasts. (3) Why are analysts’ long-term earnings growth expectations so high? (4) Blame Consumer Discretionary, not Tech this time. (5) PEG ratios aren’t extreme. (6) Heads or tails? High P/Es win either way? (7) Stay Home investment strategy is still winning and driving up US P/Es relative to the rest of the world. (8) Five MSCI sectors have higher P/Es in US than abroad. Tech is not one of them!