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Data Update 2 for 2025: The Party Continued (for US Equities)

Musings on Markets

Valuation Questions Pulling together the disparate strands that are part of this post, I valued the index at the start of 2025, using the earnings expectations from analysts as the forecasted earnings for 2025 and 2026, before lowering growth rates to match the risk free rate in 2029.

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