Valuation
Expensive markets do not set the date, but they do shape the risk budget.
Valuation data is deliberately slow-moving here. The goal is to frame the backdrop, not to pretend CAPE can time a turn.
Need The Plain-English Read?
Start with how this family fits the bigger macro picture.
The guide explains what this family measures, why it mattered in past crises, and what beginners should watch for before reading the indicator ladder below.
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