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Equity valuations still stretched Stocks still look expensive relative to bonds despite recent PE de-rating Valuations sustained by blockbuster trailing eps pushed way into the future What could pop the ‘bubble’= The Fed A tightening cycle has started and 11/14 times ends in a recession Biggest risk is that Fed discove
Societe Generale says positioning, flow, and derivatives data it tracks continue to point to gold being bullish across all fronts.
Yardeni Research raises S&P 500 year-end target to 8,400