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The cyclically adjusted price-earnings ratio, or CAPE ratio, proposed by Dr. Robert Shiller, a Nobel prize laureate in Economics in 2013, reflects the real P/E ratio of a stock.
CAPE Ratio = Share Price / 10-Year Average Inflation-Adjusted Earnings
European Stock Market Equity Risk Premium (10 Year Bund)
China Credit Impulse Index YoY 10 Month Lead vs MM Cyclical Stocks/MM Defensive Stocks Index