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The US stock market is expensive.

The bad news: future returns of your “US index of choice” are likely to be low

The good news: Value stocks are the answer. “Value decade” (trademark to @RyanPKirlin) is coming!

#ValueInvesting
First, the market being expensive (from @LeutholdGroup)... Compare the “median stock” in the S&P from February 2000 to November 2020. Pricey!
Of course, interest rates are insanely low. So low, Schiller update his CAPE model to try to account for low interest rates. bloomberg.com/opinion/articl…
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