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Valuations Are at the Furthest Edge of the Financial Solar System Figure 1 updates our history of year-end valuations for stocks of S&P companies on two bases: price to book value (Y axis) and dividend yield (X axis). I thought the year-end 2021 overvaluation would never be surpassed. But as you can see, the year-end… Read more Stock Market Excessive Overvaluation in 2025 |
Month: February 2025
Credit Spread Blow-out Ahead
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Another Blowout Ahead for Credit Spreads? Credit investors aren’t worried about a thing. They sneer at the possibility of a recession. A slew of corporate defaults? Nah. Complacency is so extreme that Elliott Wave International’s December Global Market Perspective warned that a tipping point might be at hand: Two of the most important credit-market sentiment… Read more Credit Spread Blow-out Ahead |