Rule of 20 (fair value P/E = 20 minus inflation rate) suggests (as of May) market remains quite overvalued

Rule of 20 (fair value P/E = 20 minus inflation rate) suggests (as of May) market remains quite overvalued pic.twitter.com/cpXWKG7RZI

— Liz Ann Sonders (@LizAnnSonders) June 14, 2022