If there’s one word to describe this historic bull run it would have to be “impressive.” Impressive in both length – it’s one of the longest – and in total returns.
Stocks have surged higher by triple digits since bottoming out in the recession. And the rally doesn’t look like it’s going to abate anytime soon. However, in our bid to snag shares, we’ve potentially created a bit of a problem for ourselves.
Stocks are expensive.
Valuations for the broader U.S. equity markets remain stretched. This is true even when accounting for the recent dips and losses recorded during the first quarter. For value seekers, stocks in the United States may not be tempting enough to buy with much gusto.
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