Based on valuation alone, markets may be fully valued, but there are reasons to believe the stock market rally can continue

• While valuations may appear aggressive, they are actually just around average compared to historical valuations in similar inflation and tax environments

• Additionally, after making UAFRS adjustments, markets are not as expensive as as-reported metrics suggest

• Moreover, there are reasons to believe this rally can continue, even though the market is not deeply undervalued

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Submitted April 20, 2017 at 08:35PM by Valens_Research http://ift.tt/2pXpkYW