The RecessionALERT Valuation Index (RAVI) has been updated for 1Q17 and for the first time since 1999, is forecasting negative 10-year total returns for the SP500: The chart on the right shows that the RAVI continues to forecast SP500 decade-ahead total returns with relative accuracy, especially when one considers that the green forecast line has data points that are seen 10 years before the black line depicting actual 10-year returns. Now there have been a lot of valuation models predicting […]
Archive | August, 2017
