The U.S. stock market is overvalued by many different measures.
I recently shared Dave Rosenberg’s thoughts on the subject. Rosenberg broke down the S&P 500 Index SPX, +1.38% using four valuation metrics, observing that only 8% of the time in the past has the stock market in the United States been as richly priced as it is today.
But at the 2018 Mauldin Economics Strategic Investment Conference (SIC), we also heard a lot more from Steve Blumenthal, Mark Yusko and several others. The evidence is adding up, and it’s not bullish, to say the least.