The bull market has pushed short-term annualized performance readings well above median levels, while the longer-term readings remain subdued. But there is a silver lining…
With many (but not all) of our valuation metrics in overvalued territory, we present two histograms from our forthcoming quarterly BenchMarks publication that make the case that stocks are cheap (well, almost).
The Leuthold Group currently incorporates 38 stock market valuation measures in its Major Trend Index (see Appendix). Currently 31 of these are at least to some degree negative.