$特斯拉(TSLA)$ SPX closed at another record. Equities still attractive at 21x 2022 EPS = 4.94% earnings yield vs 1.26% 10yr TY. That 3.7% spread between equities and bonds compares to an avg 2.4% spread since 1977 and would rank in the cheapest 1/3 of valuations over the past 40 years. $tsla

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