Take a good look all around. EVERYTHING is slowly becoming unhinged or disconnected from normality. The first domino has been pushed.
— Puff Dragon (@PuffDragon11) October 12, 2021
Valuations are coming down. The forward P/E has already compressed by three points (from 23x to 20x), and more is likely on the way. pic.twitter.com/V6iYeOBPv0
— Jurrien Timmer (@TimmerFidelity) October 12, 2021
20% of home sales are above the appraised value. Deals are falling though.