Equity valuations (forward P/E) across 10 regions, Goldman Sachs, 3/16/26

[progree]

Equity valuations (forward P/E) across 10 regions, Goldman Sachs, 3/16/26
last 20 years



"interquartile range" is the middle 50%

These are MSCI regions

Included are:
US (meaning the S&P 500)
US ex Big Tech
AC World
AC World ex US
APxJ is Asia-Pacific ex Japan
EM is emerging markets
Japan
Europe (STOXX 600)
United Kingdon
China

"AC" stands for All Countries

Link: https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-jump-to-start-week-oil-slides-amid-trumps-warning-to-allies-on-iran-200450413.html

and search the page for the article titled,
"Goldman: S&P 500 often resilient to global shocks, but valuations leave stocks exposed"

Sorry, I can't find a more direct link

[progree]

1. Related - Emerging-Market Stocks Eye Correction, Currencies Erase YTD Gain, Bloomberg, 3:55 AM EDT, 3/9/26

I posted as an OP a few days ago
https://www.democraticunderground.com/11216806
referencing
https://finance.yahoo.com/news/emerging-market-stocks-eye-correction-075524349.html

Another metric, over the past month:
VOO (S&P 500 ETF): -1.87%
ACWX (iShares MSCI ACWI ex U.S. ETF): -4.94%

ACWI is All Countries World Index. The above is that with U.S. removed

So lately, emerging markets and non-U.S. equity markets are not a safe haven, but maybe BTFD. (I learned that one a couple days ago, it means "Buy The F'ing Dip", used by Gen Zers a lot on Robinhood and the reddits)

[IbogaProject]

2. Dont try and catch a falling knife

Is an older market adage, reminding that it is very difficult to call and catch a true low.

[progree]

3. On broad U.S. index equity funds, buying the dip has always given me some extra return

I generally wait for 30% down, so the opportunities aren't many, but the rewards are considerable.

I don't try to catch the bottom.

I haven't tried market-timing any non-U.S., or individual stocks, or sectors.