THE EQUITY VALUATION AND FED MODEL CHART BELOW SHOWS THE DISTRIBUTION OF THE P/E RATIO (TOP) AND THE FED MODEL SIGNAL (BOTTOM). FORTUNATELY, EQUITY VALUATIONS ARE LARGELY JUSTIFIED AND THE FED MODEL S

THE EQUITY VALUATION AND FED MODEL CHART BELOW SHOWS THE DISTRIBUTION OF THE P/E RATIO (TOP) AND THE FED MODEL SIGNAL (BOTTOM). FORTUNATELY, EQUITY VALUATIONS ARE LARGELY JUSTIFIED AND THE FED MODEL SIGNAL IS NEAR THE MIDDLE. THAT SUGGESTS THAT THE CURRENT LEFT TAIL RISK IS ONLY MODERATE FOR NOW (AS COMPARED TO THE EXTREME SIGNALS IN 1987 AND 1999). — VIA @TIMMERFIDELITY

High-priority alert based on source significance and keyword relevance.