S&P 500’s valuation falls to levels that have preceded past comebacks
Stocks may now be cheap enough for investors to buy, despite persistent geopolitical headwinds. Scott Rubner of Citadel Securities pointed out that the S & P 500’s forward price-to-earnings ratio recently fell to 19.7 — just below a five-year average of around 20.1. It’s also in the 6th percentile of its one-year range and the…