ECB VP Warns that U.S. Equities Are Stretched: But How Stretched Are They?

Regardless of the driver, little has been able to temper the rampant run in U.S. equity prices this year. As stocks continue to rally with the hope for tax cuts in the United States and an amenable Central Bank, how stretched are valuations?

ECB VP Warns that U.S. Equities Are Stretched: But How Stretched Are They?