US Equities: Market Bubble or Groundhog Day?

As stocks both test historic highs and are tested by macro crises, we find ourselves debating again the question of whether stocks are in a bubble. As someone who is a terrible market timer, I won’t try to answer, but in this session, I look at the arguments made by those who are bubblers, and the counter arguments, based on the data. My conclusion, and it is just mine, is that there is nothing in the data, at least at the moment, that would lead me to abruptly alter my asset allocation judgments. The next