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Equity risk premium falls to 2002 levels. What it means for stocks

Investing.com -- JPMorgan warned in a note this week that the equity risk premium, the extra expected return investors demand for holding stocks over bonds, has shrunk to its lowest level since 2002, with implications for how equities behave from here.

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Stocks· September 11, 2026 at 02:02 PM
Authored by·Editorially reviewed
Onur Erkan Yıldız
Founder, Financial Engineer · CMB-licensed
NeutralMedium impact

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Investing.com -- JPMorgan warned in a note this week that the equity risk premium, the extra expected return investors demand for holding stocks over bonds, has shrunk to its lowest level since 2002, with implications for how equities behave from here.

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