The U.S. stock market is getting close to dot-com bubble peak valuations
The Shiller cyclically adjusted price-to-earnings ratio for U.S. stocks is nearing the 1999 peak seen during the dot-com bubble.
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Fed chair nominee Kevin Warsh not necessarily a hawk, says close colleague Stanley Druckenmiller
The knee-jerk reaction to Donald Trump’s pick of Kevin Warsh to replace Jerome Powell as chairman of the Federal Reserve is that the president made the most hawkish selection among the four reported finalists for the job. In the wake of last night’s leak that… Read More