Stock Fair Value Report: U.S.

Overvaluation pressure has recently been reduced through the market correction of the past few days. After increasing valuations in all three market capitalization categories, the market is in a better position than early January. The LargeCap market has returned to its previous fair value level of 112.0% Fv. This is a much better valuation level than when LargeCap was just a few points from cautionary levels. MidCap has come well back from the previous overvalued position. It is still in cautionary territory, but is headed in the correct direction. SmallCap has returned to fair value range with the retreat to 117.6% Fv. This is also a much improved position from the earlier cautionary level.