StocksMiddle East Crisis Halts Russell Indexes Rally as Valuations Derate in March
The Middle East crisis triggered a broad selloff in Russell equity segments in March, halting a year-long rally. The 12-month forward P/E ratios significantly derated for the Russell 1000, Top 200, and large- and small-cap Growth indices. Tech and Growth stocks were hit harder due to heavy exposure and valuation expansion over the last three years.
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