In Limbo

(1) Challenges for the latest relief rally. (2) A new batch of stagnant global indicators. (3) Commodity price rebound stalling. (4) Mixed signals from Chinese officials on the yuan. (5) Mixed signals from Fed officials on rate hikes. (6) Inflation perks up in CPI, but maybe not so much in PCED. (7) Earnings outlook more challenged. (8) So what’s the right P/E? (9) Valuation multiples have been downwardly rerated since last year. (10) Price-to-sales ratio is no bargain. (11) The Buffett Ratio started signaling trouble a year ago. (12) More negative spins on negative interest rates.