🚨 The Dividend Yield of the S&P 500 just hit the LOWEST level in history since 1900 👀
Over 125 years of macro data show that the U.S. market has never paid such a low dividend yield relative to its price.
Does this mean an immediate crash?
Not necessarily.
But it does indicate an EXTREMELY sensitive market:
compressed expected returns
total dependence on price appreciation
increasingly demanding valuations
In other words:
the market relies more than ever on price appreciation and less on traditional fundamentals like dividends.
At Alphractal, we have historical data since 1900 that compares:
economic cycles
recessions
bubbles
wars
structural market changes
And honestly…
very few investors are paying attention to this right now.
$SPYon
#SPY #SNP500 #Macro #Crypto
Over 125 years of macro data show that the U.S. market has never paid such a low dividend yield relative to its price.
Does this mean an immediate crash?
Not necessarily.
But it does indicate an EXTREMELY sensitive market:
compressed expected returns
total dependence on price appreciation
increasingly demanding valuations
In other words:
the market relies more than ever on price appreciation and less on traditional fundamentals like dividends.
At Alphractal, we have historical data since 1900 that compares:
economic cycles
recessions
bubbles
wars
structural market changes
And honestly…
very few investors are paying attention to this right now.
$SPYon
#SPY #SNP500 #Macro #Crypto