FYI: I’ve recently discussed investor concerns related to fallout from a global trade war and to a potential inversion of the yield curve. Today I’ll discuss a third concern on many investors’ minds: the high valuations of U.S. equities.
Before delving into the issue, it’s important to note that, while U.S. equity valuations are well above their long-term historical averages, valuations of international equities are both lower and closer to their historical averages.
Regards,
Ted
http://www.etf.com/sections/swedroe-valuations-too-high?nopaging=1
