$SPX Cyclically Adj Earn Yield (CAEY; Reverse CAPE) Less 10 Yr Treas =  2.7%

Post-WWII Avg = 0.7%

With similar CAEY - 10 Yr Trs readings, forward Real Tot 10 Yr Returns have been above avg.

In contrast, using only CAEY returns were below avg, but 99% Pos.

$SPY $DIA $QQQ https://t.co/PB5VhArMvi