Wall St to focus on equity valuations as investors brace for inflation data ...Qatar

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Wall St to focus on equity valuations as investors brace for inflation data
US stocks’ tumble this year is putting an increased focus on equity valuations, as investors assess whether recently discounted shares are worth buying in the face of a hawkish Federal Reserve and widespread geopolitical uncertainty. With the benchmark S&P 500 index down 13.5% year-to-date, valuations stand at their lowest levels in two years, putting the index’s forward price-to-earnings ratio at 17.9 times from 21.7 at the end of 2021, according to the latest data from Refinitiv Datastream. Although many investors tended to brush off elevated valuations during the market’s dynamic surge from its post-Covid-19 lows, they have been quick to punish companies viewed as overvalued this year, a

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