Some Thoughts on Valuation

Check out the accompanying pdf and chart collection. (1) Tapering before the end of the year. (2) Rate hikes not for a while. (3) Commercial banks facing big deposit inflows and weak loan demand buying bonds. (4) S&P 500 tracking Dividend Yield Model. (5) Are SMidCaps cheap or not? (6) Closer looks at S&P 500 vs Russell 1000 and S&P 600 vs Russell 2000. (7) Powell declares mission accomplished on inflation front. (8) July’s PCED inflation data still not confirming inflation is transitory. (9) Four regional business surveys showing possible peaks in prices-paid indexes, while prices-received indexes hit new highs in August. (10) Movie review: “Respect” (+ +).