U.S. Stocks ‘Highly Overvalued’ But Remain Tied To Trump’s Favorability: Credit Suisse

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The Trump trade might be overdone. Even after the post-Jan. 30 slide, following the president’s controversial executive order on immigration curbs on seven Muslim countries, U.S. stocks remain “highly overvalued,” relative to 2018 earnings expectations, according to Credit Suisse. “…on current 2018 expectations, U.S. stocks still look highly overvalued, with FY2 P/E’s in line with past…

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