In a Tuesday note, LPL Financial Equity Strategist Jeff Buchbinder said investors may be “overly optimistic,” given that stock valuations are elevated on traditional metrics, but that most stock prices look “reasonable,” due to strong corporate earnings, historically low interest rates and a pandemic tech boom that's benefited more labor-efficient companies“Stock valuations are elevated right now, and a lot of good news is priced in, but we believe valuations are quite reasonable,”...
This week should also provide clarity on both monetary and fiscal policy—two other areas that have helped stocks soar during the pandemic. The Federal Reserve makes one of its eight annual
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