Monday Macro: earnings still growing, PE might have troughed, and fininfluencers on trial

Plus, a deeper dive into the equity risk premium and why equity market valuations can stay higher for longer.

Bloomberg’s John Authers has an excellent column out this morning on Bloomberg that rewards a deeper reading. It’s all about the significance of the almost mythical lesser-spotted equity risk premium, or ERP. The ERP is the extra return you get from stocks compared to bonds in return for taking the extra risk. The higher the premium, the more attractive…