@LanceRoberts Simple regression (annual data world index incl. sectors 2002-2017 ex. fin. crisis) shows very low prediction power 13-24 month ahead (STMA)
Valuation chart by @LanceRoberts But there is nearly low prediction power in 2 year fwd estimates... $SPX $SPY #stocks#investing $eem https://t.co/NuKdJl67Ix