Secular Stagnation?

(1) Updating the “Great Rotation.” (2) Good, not great. (3) How much longer will money rotate from SmallCaps to LargeCaps? (4) Jittery investors lower P/Es, while analysts raise E estimates. (5) Forward P/Es cheaper, but not cheap. (6) Forward earnings making new highs. (7) Larry Summers is an important fellow with a debatable thesis. (8) Less support for his secular stagnation hypothesis in the labor market. (9) Consumers are earning more and spending more. (10) Focus on market-weight-rated S&P 500 auto-related industries.