Stocktake: Even bulls concerned by US valuations
Valuations and the recent market melt-up will limit any 2021 advance
Valuations and the recent market melt-up will limit any 2021 advance
Shares had surged 6% on Friday as index-trackers bought in
Most US firms have reported earnings and a record 82% have beaten estimates
Investors are feeling the pinch as companies hold off on paying out dividends during crisis
Hard economic data suggest a deep recession but markets remain buoyant ... and in denial
Benchmark S&P index in New York rose on opening on Wednesday before declining by mid-morning and then rising again in the afternoon
Miners forecast to enjoy biggest gains, while utilities and entertainment lose out
Second-longest advance in market history shows no signs of ending any time soon
A look around the stock markets
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