{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Do Bond Yields Imply The S&P 500 is Undervalued? ","description":"Recently there have been many discussions on the valuation of the S&P 500 based on forward earnings multiples. But what role do bond yields have in that evaluation? Does the implied P\/E ratio of the Baa bond yield or US 10 Year Treasury yield imply that stocks have more room to run? In any case, why not just buy but hedge as a strategy?   S&P 500 Index earnings yield Inverse of P\/E ratio is the E\/P earnings yield. Baa bond yield to calculate the implied P\/E ratio Baa bond yields vs US 10 Year Treasury yields to compare to stock earnings yield How to calculate the earnings yield on stocks How to calculate the implied PE ratio from bond yields Forward PE ratio calculation Earnings estimates vs reality. How earnings estimates and earnings can change Bond yields vs Earnings Yields            Mentioned  in  this  Episode:   Book Buy and Hedge https:\/\/amzn.to\/3bq8FYM   Derek Moore\u2019s book Broken Pie Chart https:\/\/www.amazon.com\/Broken-Pie-Chart-Investment-Portfolio\/dp\/1787435547   Razor Wealth Management www.razorwealth.com   Baa Corporate Bond Yields https:\/\/fred.stlouisfed.org\/series\/BAA   JP Morgan Guide to the Markets https:\/\/am.jpmorgan.com\/us\/en\/asset-management\/protected\/adv\/insights\/market-insights\/guide-to-the-markets\/   Podcast on Hedged Equity Strategies https:\/\/podcasts.apple.com\/us\/podcast\/why-investors-need-a-protective-hedged-equity-strategy\/id1432836154?i=1000418366567   ","author_name":"Broken Pie Chart","author_url":"http:\/\/www.razorwealth.com","html":"