At 1085, the indicated dividend rate on the S&P 500 is 2.11%.
The 10 year, just hit 2.69%.
1.275x
At the beginning of .July, the newsflow made it sound like the world was going to end within days.
At 1022, the indicated dividend rate on the S&P 500 was around 2.24%
The 10 year, was around 2.95%.
1.32x.
In the middle of May, while the index plungged through 1071, the yield was somewhere around 2.13%.
The 10 year, was roughly 3.15%.
1.47x.
Just watching here.
If stocks hit the lows from July, that multiplier breaks 1.2x.