The Independent Advisors Podcast: Episode 367

Matt covers a busy market week: oil pushing above $100 a barrel amid renewed Middle East tensions, a stronger than expected August jobs report pushing the 10-year Treasury yield toward 4.9%, and a detailed look at market valuations. He argues current price to earnings levels aren’t as expensive as headlines suggest once you account for interest rates and earnings growth, points to the S&P 500’s PEG ratio sitting near a 30-year low, and highlights a first-of-its-kind data point: the Magnificent Seven are now negatively correlated with market momentum stocks.