macro

Paying 30x earnings for Clorox or lending at 0.6 percent yield leads to poor outcomes, Lyn Alden warns - Traders Union

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DW NOTE

Alden's warning about valuation risk lands while the S&P trades at 7,682 after an 18.91% one-year run — the exact environment where paying 30x earnings feels normal until it doesn't. The 0.6% yield she's citing as generational malpractice is a real rate: with the Fed possibly hiking in September and 10-year Treasuries yielding less than expected inflation, lenders are volunteering to lose purchasing power.

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Paying 30x earnings for Clorox or lending at 0.6 percent yield leads to poor outcomes, Lyn Alden warns - Traders Union

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