(1) More on earnings-led vs P/E-led meltups. (2) The former is more sustainable than the latter. (3) Is the “Great Rotation” finally starting? (4) Buffett Ratio is going higher, according to S&P 500 price-to-sales ratio. (5) Forward earnings soaring while forward revenues are flying. (6) REY and MAPE models show fairly valued market. (7) More on impact of TCJA on earnings. (8) DTA vs DTL.
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