Back To The Future
The Credit Strategist Blog
Stocks staged a strong comeback in 1Q23 entirely due to a rally in what are again overvalued tech stocks - AAPL (28x p/e), NVDA (160x p/e), MSFT (32x p/e), FB (25x p/e), TSLA (57x p/e), AMZN (negative p/e), GOOG (23 p/e), CRM (968 p/e) and AMD (111x p/e). These stocks contributed 160% of the S&P 500’s gains this year with AAPL, NVDA and MSFT alone acco…
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