Marks cites JPMorgan chart showing negative correlation between S&P 500 PE ratios and subsequent ten-year returns.
“And it was a negative correlation, which means the higher the PE ratio you pay, the lower the return you should expect.”
Marks states 2023-2025 ranks as seventh best three-year S&P 500 period out of last 100 years.
“The period, twenty three four five is for the S and P 500 is, I think, the seventh best three year period out of the last 100.”