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Jurrien Timmer says today’s S&P 500 tech rally may resemble 1999 in price action, but not in valuation excess. The sector’s trailing P/E hit 70.9x at the 2000 p

BWB News TV • 2026-07-22 00:06 UTC • By Billy Odell Tucker-Robinson
Jurrien Timmer says today’s S&P 500 tech rally may resemble 1999 in price action, but not in valuation excess. The sector’s trailing P/E hit 70.9x at the 2000 p
Jurrien Timmer says today’s S&P 500 tech rally may resemble 1999 in price action, but not in valuation excess. The sector’s trailing P/E hit 70.9x at the 2000 peak, versus a materially lower level now, pointing to stronger fundamentals.
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