The Tell: The stock market’s rally to start 2020 means it will take the average worker a record 114 hours to buy one unit of the S&P 500

The Tell: The stock market’s rally to start 2020 means it will take the average worker a record 114 hours to buy one unit of the S&P 500

Stocks are lurching toward fresh records to commence the first trading day in 2020, but that advance has raised some questions about the run-up in values for broad-market U.S. equity benchmarks.
Indeed, the S&P 500’s recent gains have taken it to its priciest level relative to its hourly cost for the average worker on record.
By that measure, Tuesday’s climb by the S&P 500
SPX, +0.55%

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