Stocks Haven’t Looked This Unattractive Since 2007

Stocks Haven’t Looked This Unattractive Since 2007

The Federal Reserve’s efforts at raising rates to cool inflation while preventing a full-blown banking crisis both could cloud the outlook for stocks.Photo: Graeme Sloan/Bloomberg News

By

Eric WallersteinApril 6, 2023 5:30 am ETThe reward for owning stocks over bonds hasn’t been this slim since before the 2008 financial crisis. 

The equity risk premium—the gap between the S&P 500’s earnings yield and that of 10-year Treasurys—sits around 1.59 percentage points, a low not seen since October 2007. 

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