SPX
Macro & Strategy
S&P 500 Earnings Yield Is 5.35% Against A 5.02% 10-Year: How Thin Is The Equity Risk Premium?
The S&P 500 forward earnings yield of 5.35% sits only 0.32 points above the 10-year Treasury at 5.02%, and the premium turns negative on trailing earnings or a 5.5% yield.
