Large-cap technology stocks were wildly overvalued, they said. This week of company earnings has likely crushed some of those fears, but not because it allayed all concerns of frothy valuations; rather, because the growth of dominant tech stocks looks increasingly unstoppable.

Equities overcame bouts of volatility, and the Dow and SPX surged to new highs. 10YR UST rates surged 83bps in Q1 for its largest net gain since Q4’16. Value outperformed Growth by ten percentage points in Q1, largest in 20 years. S&P 500 corporate earnings are forecasted to grow 23% in Q1.

The S&P 500 rose 4.4% and the NASDAQ finished just 0.5% higher as fears of rising treasury rates suppressed returns and the rotation from growth into value continued. Internationally, Developed Markets were up 2.4%, and Emerging Markets lost 1.5%.

The total value of global equity trading worldwide was 37.7 trillion U.S. dollars in the second quarter of 2021.

The S&P 500 index is up over 20 percent for 2021 and has more than doubled in value since it hit bottom in March 2020. The market has closed at a record high 53 times — the most by this point of the year since 1964, according to LPL Financial.

In terms of country of incorporation, the global corporate bond markets are dominated by the US ($10.9tn) and China ($7.4tn). Between them they make up 45% of the total global corporate bond market.

The first official government bond issued by a national government was issued by the Bank of England in 1694 to raise money to fund a war against France. The form of these bonds was both lottery and annuity.

Historical Data

The Most Overvalued S&P 500 Stocks: Analysts

The market average P/E ratio currently ranges from 20-25, so a higher PE above that could be considered bad, while a lower PE ratio could be considered better.

The ionic bond is generally the weakest of the true chemical bonds that bind atoms to atoms.