[pdf-embedder url=”https://investment-strategy.info/wp-content/uploads/2019/02/StockFairValueBriefing2019February-Comments.pdf”]
USA Fair Value Report – 2019 February
The market benefited from the 4th quarter “adjustment”. Markets have returned to earlier pricing levels with improved relative valuations. The total market has a better valuation, fair rather than overvaluation, at the same pricing level of mid-2018.