ProShares January 2020 Market Commentary: 2020 Outlook

the seeds of the equity market correction in 2000 and the recession in 2001 were being sown, in the form of excess. The S&P was trading at a price-to-earnings ratio (P/E) of 28, an extremely high multiple, and gross domestic product (GDP) growth registered an extremely hot 4.5%. The S&P 500 today is ................
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