Historically, equities offered a higher earnings yield than bonds to compensate for their additional risk.
Since 2023 the spread between the S&P 500 earnings yield and the 10yr Treasury yield has been negative.
This reflects a combination of a high interest rates, elevated stock valuations and potential economic concerns.
My research is always company based, rather than markets as a whole. But there are some interesting ones.
$S&P 500(.SPX)$ $SPDR® S&P 500® ETF Trust(SPY.AU)$ $E-mini S&P 500 - main 2503(ESmain)$
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