US Equity Valuations Have Been Too High for Too Long

Celia Dallas, Chief Investment Officer at Cambridge Associates, recently wrote an opinion piece for the Financial Times. In the article, Dallas notes that the market looks very stretched, but it is hard to predict when a crunch will come. Furthermore, she believes that “The US has a heavy dose of high-quality, innovative companies that deserve premium valuations, but it is hard to find strong justification for today’s extraordinary valuations.” Click through to read the full article in the FT here.