Is the Meltup a Bubble?

Check out the accompanying pdf and chart collection. (1) Not everything is in a bubble. (2) Sentiment isn’t euphoric. (3) Bitcoin is impossible to value. (4) Home prices overvalued relative to incomes. (5) High stock market valuations supported by strong earnings. (6) SMidCaps may be starting to outperform. (7) S&P 500 P/E inflated by Growth, which is inflated by Mag-8. (8) Alarmingly high Buffett Ratio misleadingly ignores record profit margin. (9) No cause for alarm in Fed’s latest Financial Stability Report. (10) Biden explains “Bidenflation.”