Moody's: Bonds And Stocks Overvalued, Watch Out For Liquidity Event

On yet another positive day for the stock market in the face of major macro headwinds from French elections to war with North Korea and potential for compromise not to be reached on a budget deal, there are two separate issues that will likely tear down the bull market run, a Moody’s report noted. One of those events would have bond yields rising slightly above levels seen this past March 6, 2017. Stocks overvalued based on several historical revenue standards “Stocks are not cheap,” Moody’s Chief Economist John Lonski, wrote in the firm’s weekly market analysis. Noting that “US equities…