Week of September 1, 2025
There’s an old saying: “Don’t just do something—stand there!” With equity markets brushing new highs in recent days, many are asking whether common stocks are overvalued. Over the long term, however, equity markets have proven highly efficient at forecasting future profitability. While short-term price corrections are to be expected, we believe the long-term trend for common stocks remains constructive. Our Signals remain unchanged.
Bob Bilkie, CFA
