Shiller P/E Suggests Any Additional Valuation Expansion Engineered by Fed Could Result in a Parabolic Move Higher for Equities

Shiller P/E Suggests Any Additional Valuation Expansion Engineered by Fed Could Result in a Parabolic Move Higher for Equities

In the chart below note that the Shiller P/E currently stands at a line of demarcation. Historically, any further expansion in SPX valuations has coincided with parabolic moves higher and/or bubbles including the late 20s, mid 90s and the 2002-2007 global…...

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Analog Update - SPX/Dow Remain on Track for Materially More Upside this Year

Analog Update – SPX/Dow Remain on Track for Materially More Upside this Year

In the chart below I’ve updated the 1988/1989 4th/5th consecutive annual gain analog. Seems as if we completely just skipped over the ~400 bps correction the Dow had in this recent ~1 month window in 1989 and are apt to…...

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Reflecting Back on the Nikkei's Switch Being Flipped to the "On" Position

Reflecting Back on the Nikkei’s Switch Being Flipped to the “On” Position

On January 11th, when the index stood at 10,800, we had a simple, two sentence post that asked two questions in the context of the resistance the Nikkei was facing in the chart we attached to that post: “Is line…