Still not a “bubble” but getting very pricy. Be careful…

“Davidson” submits:

12mo Trimmed Mean PCE is reported at 1.79%. A rise from 1.6% several months ago. But not the rampant level widely broadcast in the media. It may shift much higher with government spending desired, however, such spending has not occurred and inflation’s impact will not be known till it occurs after which investors respond likely chasing the t historical hedged of commodities and related companies.

The SP500 has soared to a 54% premium of its associated Value Investor Index. The recent range has been 65% to 100% premium which with strong economic fundamentals trending higher suggests a market peak potential closer to the higher level or $8,000 range for the SP500 in 3-5yrs.