Even if we expected 4 more years of zero interest rates, that expectation would only justify a premium of about 16 % over reliable historical valuation norms. (hussmanfunds.com)
After a sharp run - up in small versus large stocks during the second half of 2016, the size factor is now expensive relative to average historical valuations in all regions. (researchaffiliates.com)
This article explains why local currency emerging market bonds are attractive relative to historical valuation levels as well as current developed market opportunities. (researchaffiliates.com)