Stocks haven’t been this expensive relative to bonds in almost 25 years. Is a market downturn next?

U.S. stocks haven’t been this expensive relative to bonds in more than 20 years, according to Pimco. It didn’t end well back then.

Jun 10, 2025 - 18:58
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Stocks haven’t been this expensive relative to bonds in almost 25 years. Is a market downturn next?
U.S. stocks haven’t been this expensive relative to bonds in more than 20 years, according to Pimco. It didn’t end well back then.