#Mark Hulbert: The stock market’s lofty valuation right now should make you dizzy

The U.S. stock market’s valuation is approaching the lofty levels seen at the bull market top in early 2022. That’s the unmistakable message of my monthly review of eight valuation models that have superior track records forecasting the U.S. market’s subsequent returns.

Though the theoretical approaches represented by the eight are distinct, they nevertheless tell a similar story about the U.S. market right now.

This…