🎙️ Sorry, Realtors

[5 minutes to read] Plus: Insights from the dean of stock valuation

Shawn O'Malley
March 15, 2024

By Matthew Gutierrez and Shawn O’Malley

NYU’s Aswath Damodaran, the academic expert on equity valuation, brought the goods in a terrific interview with The Financial Times this week.

💭 The elephant in the room: Is this market, and AI stocks specifically, overpriced in the near term?

“I think the market is fully priced, not cheap by any means,” he said.

We’ve got a whole lot more from “The Dean of Valuation” below 👇

— Matthew & Shawn

Here’s today’s rundown:

Today, we'll discuss the biggest stories in markets:

Evaluating the AI, tech-led stock rally
A fresh outlook on the housing market

This, and more, in just 5 minutes to read.

POP QUIZ

For every $100 in retail merchandise returned, how much is lost to fraud? (The answer is at the bottom of this newsletter!)

Chart of the Day

After traders anticipated over 200 basis points (2 percentage points) worth of cuts in 2024, those bets have been revised down to under 100 basis points (1 percentage point)

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