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Strategas Investment Strategist Ryan Grabinski dives deep into recent updates to the Baird Market Gauge (“Sentiment” moved to Favorable from Unfavorable) and hints at a few areas to watch over the coming months. The S&P is trading at about 22x forward earnings, which is elevated. But then when you look at things in relative terms (i.e., compared to other assetr classes, like bonds) it’s actually hard to call stocks too expensive. So it’s a mixed bag.
...read full article on Seeking Alpha
