Stories we should be thinking about

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

(h/t @callum_thomas)

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

(h/t @JLyonsFundMgmt)

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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