Stories we should be thinking about
Let’s start this week with a surprising valuation chart - surprising because I would have thought (gut feel) that more CAPE ratios would have been higher than the historic trend
Anyhow the chart does show the firm valuation today of the US market and certainly Dow Transport theorists surely are worried by a chart like the one below
And as for tax reform...well the key is to stop the popular perception being something like the below:
Still, Christmas in a month or so. Bah humbug though here in the UK with everything (Brexit, austerity etc. going on)...or apparently not as per this report:
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