U.S. Stock Market Looks Overvalued to Corporate Finance Chiefs
- Equities seem overvalued to 84% of CFOs, Deloitte finds
- The S&P 500 trades near records, up 55% since the March bottom
A "Do Not Enter" street sign stands along Wall Street near the New York Stock Exchange (NYSE) in New York, U.S., on Monday, July 20, 2020.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Corporate finance chiefs say something looks off with the U.S. stock market.
About 84% of chief financial officers said equities are too expensive in a quarterly survey conducted by Deloitte LLP -- the second-highest level in the decade since the accounting and consulting firm began collecting the data. Only 2% of respondents said U.S. stocks look cheap.