Carpe Diem

Tag: Macro

Editorial illustration of a stock market bull balancing on a tightrope labeled “Perfection” above valuation charts showing the Shiller P/E ratio far above its historical average, symbolizing markets priced for perfection and downside risk.

The Stock Market Remains Priced For…

The Shiller P/E says the market is priced for perfection. History says perfection never lasts. Here’s what that tension means—and what could crack the spell.

Read entire article