U.S. Weekly Stock Market Valuation Indicator: Near Record Highs
The weekly stock market valuation indicator, comparing a broad U.S. stock market index with the money supply a leading economic indicator, increased slightly compared to last week.
It is now back to the previous highs from early 2015 and is not far behind the all-time high reading from March 2000. The near record high reading suggest future stock market returns will be poor and that the risk of a major stock market correction is substantial.
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