The graph below shows a regression of the US P/E ratio vs US CPI inflation data (courtesy of Schroders), and while the relationship is quite weak when inflation is low, that relationship becomes much stronger at high single digit levels. The period covered is 1973 to end of 2020.

With current US inflation between 8% and 9%, US P/E ratio should be around 10-12, suggesting levels around which markets could stabilized during the current drop.

Obviously, this is one of many indicators I have on my dashboard to observe market direction during regime changes.

ALTEK信号开关
Altek过程校准器/热电偶/AC适配器

Altek多功能信号校准器334A/4-20MA检查所有环路信号、mA、Span和DC的百分比V.为每个mA变送器，记录仪，报警跳闸，I/P和校准电脑节省时间。翻转QUIK-CHEK开关，即时输出4和20 mA精确到0.006 mA。

Altek多功能信号校准器334A/4-20MA技术参数：

1、有4至20 mA回路功能：源0.00至24.00 mA或-25.0至125.0%读取mA或百分比至52.00 mA，模拟2线制变送器，测量-99.99至99.99伏直流电源和读取2线制变送器。

2、Quik-Chek开关：选择4或20 mA输出或2线模拟。精确到±0.006 mA。

3、全范围10微安分辨率：将4位显示调整为±0.05%，无变化范围。

4、长电池寿命：3x9伏碱性电池，20小时20 mA，超过33小时12 mA; 2线模拟和读取150小时。比NiCd电池或具有单个9 V电池的校准器长得多!

5、驱动能力：1200欧姆，电流有限，熔断保护到135 V AC /DC。

All 4 to 20 mA Loop Functions—

Source 0.00 to 24.00 mA or -25.0 to 125.0% read mA or percent to 52.00 mA, simulate 2-wire transmitters, measure -99.99 to 99.99 volts DC power & read 2-wire transmitters.

Quik-Chek Switch—

Select 4 or 20 mA output or 2-wire simulation. Accurate to ±0.006 mA.

Full Range 10 Microamp Resolution—

Adjust 4 digit display to ±0.05% without range change.

Long Battery Life—

3x9 volt alkaline batteries source 20 mA for over 20 hours, 12 mA for over 33 hours; 2-wire simulate and read for 150 hours. Much longer than NiCd batteries or calibrators with a single 9 V battery!

Drive Capability—

1200 Ohms with current limited, fuseless protection to 135 V AC/DC.

Altek多功能信号校准器334A/4-20MA种类齐全，品质优良，如您有意购买，欢迎来电咨!

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