The US stock market has been on a tear lately. Has the party gone too far? A rising chorus of analysts say that caution is advised, citing several valuation metrics. The Shiller PE Ratio, for instance, is currently at its second-highest level since the late-1800s.
Continue reading →

Final push for GOP tax bill faces obstacles: The Hill
FCC repeals net neutrality regulations for internet: Reuters
Jobless claims in US fell 11,000 last week, near multi-decade low: AP
US retail spending accelerates in November, beating forecasts: IBD
US Composite Output Index slides to 9-month low in Dec: IHS Markit
US business inventories fell in October amid solid sales growth: Reuters
Confidence among Japanese large manufacturers rises to 11-year high: RTT
Eurozone Composite PMI rises to 82-month high in December: IHS Markit