The market is pricing in future rate cuts. Woth short term rates at 2.5% the earnings yield on Costco of 2% doesn't seem that crazy. We will see if the cuts materialize.
The market is pricing in future rate cuts. Woth short term rates at 2.5% the earnings yield on Costco of 2% doesn't seem that crazy. We will see if the cuts materialize.
The market is pricing in future rate cuts. Woth short term rates at 2.5% the earnings yield on Costco of 2% doesn't seem that crazy. We will see if the cuts materialize.