Stocks OK at 20 Times Earnings After Bond Rally, McCaughan Says

  • Low bond yields boost valuations, Principal’s McCaughan says
  • Turkey’s attempted coup make lower rates more likely, he says

Top Investor Takeaways From Failed Turkish Coup

Investors should stick with stocks even after the rally that pushed prices to 20 times reported earnings, the highest in more than six years, according to Jim McCaughan, who oversees more than $360 billion as chief executive officer of Principal Global Investors. 

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