Market Valuation Index


CMV Aggregate Index Score - Speedometer Chart
CMV Aggregate Index Score - Timeline Chart
Updated May 26, 2023
An aggregate score of our valuation models, showing current position versus long term economic trend.

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Other Posts


You Should Use Money Market Funds

Posted April 10, 2023

You Should Use Money Market Funds

Money market funds have competitive yields, high liquidity, and offer portfolio diversification, while minimizing risk in a rising interest rate environment.

How SVB Lost Their Bank

Posted March 12, 2023

How SVB Lost Their Bank

How to lose a bank in 48 hours.

2023 Predictions

Posted December 29, 2022

2023 Predictions

Economic and market predictions for 2023. General guesses and lukewarm takes, not trading advice.

Market Performance During Recessions

Posted November 04, 2022

Market Performance During Recessions

In the 11 recessions since 1950, the S&P500 drops an average 20% during the recession, and then recovers almost 40% in the following 18 months.

How the Fed Changes Interest Rates

Posted October 28, 2022

How the Fed Changes Interest Rates

A quick breakdown on how the Fed actually implements interest rate changes, post-2008.

The Data on Day Trading

Posted February 21, 2023

The Data on Day Trading

A collection of published, peer-reviewed studies on the performance of retail day traders.

Ending Payment for Order Flow

Posted June 01, 2022

Ending Payment for Order Flow

The SEC wants to end Payment For Order Flow (PFOF). That is great news as PFOF incentivizes brokers to harm their retail traders.

The Impact of Narcissistic CEOs

Posted May 15, 2022

The Impact of Narcissistic CEOs

Narcissistic CEOs of public companies are shown empirically to be more likely to make adjustments to their firm's GAAP earnings. These adjustments are larger in scale, and lower in quality than adjustments made by non-narcisstic CEOs.

The Case for Transitory Inflation

Posted March 16, 2022

The Case for Transitory Inflation

As inflation continues upward, a look back at what caused it and the Fed's response going forward.