Ned Davis Research
- The stock market is the most overvalued its been since the dot-com bubble crash, according to Ned Davis Research.
- The research firm highlighted the relationship between the S&P 500's earnings yield and interest rates.
- High cash yields have sparked a rush for money market funds, which have attracted more than $1 trillion from investors since March 2022.
Our Chart of the Day is from Ned Davis Research and highlights that the stock market is incredibly overvalued based on one indicator.
The research firm noted the relationship between the S&P 500 earnings yield relative to cash yields, and found that the stock market is the most overvalued it's been since the aftermath of the dot-com bubble crash.