Why Are Valuations Falling in a Bull Market?

Some notable market moves we’ve experienced this year: Mortgage rates have gone from 6% to 7%. The 10 year Treasury yield has gone from 4% to 5%. The inflation rate was 2.4% earlier in the year. Now it’s 3.4%. Oil prices have shot up from less than $60/barrel in January to more than $100/barrel today. That has caused the average nationwide gas prices to rise from $2.90 to well over $4 a gallon. If you were to ...