94 days ago • Posted by Valérie Noël

$5 trillion in additional global liquidity has sent the S&P 500 to its most expensive valuation in history

Since March lows, a global liquidity proxy has increased by $15 trillion, propelling the S&P 500 (and Price-to-Sales) to record high levels - source: Bloomberg, www.zerohedge.com 

S&P 500 price to sales