Valuation is a long-term driver for stock market returns. In the short term the markets can become very expensive or very cheap depending on the overall sentiment and news-flow. However, over the longer-term Valuation plays an important role in determining the return as market takes into account not only the growth but also what price has been paid for it. In this Intraday Guide Exclusive I look at the current Valuation of the overall market and try to decipher what that means for us as investors.
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