Stock Buybacks

All valuation measures (price/cash flows, price/book, etc.) on the S&P 500 are at all-time highs except for P/E’s but we are at 2.5 standard deviations on P/E. Even median valuations are near all-time highs at a P/E of 19.

Crypto and Gold

12/14/25S&P 500: 6827Nasdaq: 23,19510 Year Treasury: 4.1% David R. Snyder, CFA October marked the end of the fourth year of the Bitcoin cycle and a likely intermediate top based on past cycles, which would also be the beginning of a down cycle for the rest of crypto. This will have a major negative effect on […]

Don’t Fight The Fed No Longer Valid?

All valuation measures (price/cash flows, price/book, etc.) on the S&P 500 are at all-time highs except for P/E’s but we are at 2.5 standard deviations on P/E. Even median valuations are near all-time highs at a P/E of 19.

Oil and Natural Gas

All valuation measures (price/cash flows, price/book, etc.) on the S&P 500 are at all-time highs except for P/E’s but we are at 2.5 standard deviations on P/E. Even median valuations are near all-time highs at a P/E of 19.

Risk-Adjusted Returns

All valuation measures (price/cash flows, price/book, etc.) on the S&P 500 are at all-time highs except for P/E’s but we are at 2.5 standard deviations on P/E. Even median valuations are near all-time highs at a P/E of 19.

Economic Outlook

All valuation measures (price/cash flows, price/book, etc.) on the S&P 500 are at all-time highs except for P/E’s but we are at 2.5 standard deviations on P/E. Even median valuations are near all-time highs at a P/E of 19.

Market Breadth

All valuation measures (price/cash flows, price/book, etc.) on the S&P 500 are at all-time highs except for P/E’s but we are at 2.5 standard deviations on P/E. Even median valuations are near all-time highs at a P/E of 19.

Timing of AI Bubble Bursting

All valuation measures (price/cash flows, price/book, etc.) on the S&P 500 are at all-time highs except for P/E’s but we are at 2.5 standard deviations on P/E. Even median valuations are near all-time highs at a P/E of 19.

Stock Market Concentration

All valuation measures (price/cash flows, price/book, etc.) on the S&P 500 are at all-time highs except for P/E’s but we are at 2.5 standard deviations on P/E. Even median valuations are near all-time highs at a P/E of 19.

Boxes Checked For Near End of Secular Bull Market

All valuation measures (price/cash flows, price/book, etc.) on the S&P 500 are at all-time highs except for P/E’s but we are at 2.5 standard deviations on P/E. Even median valuations are near all-time highs at a P/E of 19.