Economy

Navigating High Stock Valuations in a Deflationary World January 14, 2015

Posted by Knowledge Leaders Team in Economy

As we highlighted yesterday, stock valuations jumped again in December to another cycle high. As the first two charts show, the cyclically adjusted P/E multiple has only been higher on several occasions and the median stock is trading at a record price to cash flow multiple as far back as we have data.

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Asset Allocation: It’s Still All About The Fed January 13, 2015

Posted by Knowledge Leaders Team in Economy

While plans change, the Federal Reserve has made it clear that it intends to begin raising interest rates in 2015.  It spent most of 2014 laying the groundwork, managing the taper, and in 2015 it will continue to make preparations for lift-off.

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