Good Morning,
Attached is the most updated Monthly Market Monitor from Eaton Vance. I have included a few of the most relevant graphs below.
Monetary Policy: The Fed has continued to increase rates, and the U.S. increases the spread as the highest government bond yields of any major developed country.
Fixed Income Spreads: based purely on spreads, no asset class that currently appears “cheap”.
Equity Market Returns: Quantifying the difference between value and growth over the past 3 years
Global Equity Valuations: U.S. equities are no longer as expensive as they were one year ago. On a relative basis, emerging markets and international developed indices are trading at lower multiples.
Peter Malone, CFA
Research Analyst
Direct: 617.226.0030
Fax: 617.523.8118
Crestwood Advisors
One Liberty Square
Suite 500
Boston, MA 02109