DescriptionS&P 500 cyclically adjusted price-to-earnings ratio (CAPE), 2000-2020.png
English: "S&P 500 index relative to its 10-year moving average of earnings, the so-called “Shiller P/E” or cyclically adjusted price-to-earnings ratio (CAPE). In line with asset values, equity valuations consistently climbed following the Great Recession, suggesting expectations of continued growth; but the climb might also be partially due to declining interest rate expectations. Interestingly, the 10-year P/E ratio remains well below its early 2000s highs."
Uploaded a work by U.S. Securities and Exchange Commission from https://www.sec.gov/files/DERA_Quarterly%20Economic%20and%20Financial%20Outlook%20Nov%202019.pdf, U.S. Securities and Exchange Commission, Division of Economic and Risk Analysis, ''DERA Economic and Risk Outlook, November 2019'' with UploadWizard