The inventory market’s lofty valuation proper now ought to make you dizzy

The U.S. inventory market’s valuation is approaching the lofty ranges seen on the bull market prime in early 2022. That’s the unmistakable message of my month-to-month overview of eight valuation fashions which have superior observe data forecasting the U.S. market’s subsequent returns.

Though the theoretical approaches represented by the eight are distinct, they however inform the same story in regards to the U.S. market proper now.

This…