Latest Research2020-01-10T17:01:54+00:00

Latest Research

2201, 2020

Markets Continue to Rally as Positive 2019 Data Rolls In

By |January 22nd, 2020|

The very big picture (a historical perspective): The long-term valuation of the market is commonly measured by the Cyclically Adjusted Price to Earnings ratio, or “CAPE”, which smooths-out shorter-term earnings swings in order to get a longer-term assessment of market valuation. A CAPE level of 30 is considered to be the upper end of the normal range, and the level at which further PE-ratio expansion comes to a halt (meaning [...]