Stock prices fell again last f_老虎社区_美港股上老虎

alex伍5
2022-12-28

Stock prices fell again last fortnight. The $S&P 500(.SPX)$ an index of big American companies, dropped 3% to 3,822. But investors cut $5.6trn from global market capitalisations (see: Global stocktake) as inflation-adjusted interest rates rose. The market has bounced back from its October lows but is still down 18% in the past year.I value the S&P 500 at 3,893, which suggests it is fairly valued.

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