PE multiples are inverse to interest rates and have been the driver of the 40-year secular bull market; multiples expanded from single digits in the early 1980s (when rates were high double-digit) to 25-30x (when rates approached zero in 2020), and will reverse post-bust as rates rise.

causalpending

Speaker

David Hunter

Evidence Quote

PE multiples are the inverse of rates...high double digit...single digits...below 1%...25 or 30...reverse of that post bust

Source

Melt Up 2024 to Global Market Crash and $500 Oil - David Hunter | TOPOutlier Trading
Created: 8/12/2026, 6:01:00 PM

My Notes

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