Reviewing Valuation

Check out the accompanying pdf and chart collection. (1) Fed moving from outcome-based to outlook-based policymaking? (2) Brainard explains the difference between reactive and preemptive. (3) Clarida’s whacky outcomes speech. (4) Powell’s three conditions for rate hiking. (5) But, starting tapering and completing it comes first. (6) Falling behind the inflation curve. (7) Very wide spread between valuations of LargeCaps and SMidCaps. (8) Same can be said of Growth-vs-Value spread. (9) Mag-5 continues to dominate investment styles. (10) Investing in Value in US isn’t much more expensive than doing so overseas.