USA Stock Fair Value Report July, 2018

Overvaluation pressures moved slightly upward back to the low-twenties while Large and MidCap market returns have continued on their lackluster path. U.S. AllCap return, year-to-date has moved to a positive 2.26% which is an improvement from last month primarily due to SmallCap stocks. LargeCap has been a drag to overall performance with only a 1.56% gain in 2018. Value LargeCap remained negative for the year at (3.60%) one of the worst performing market segments. All three market capitalization segments, Large, Mid and SmallCap, are in cautionary territory above 120% Fv.