The Stock Market Doesn’t Look Cheap, Any Way You Slice It

Stock indexes closed another losing week in a downbeat February, as investors continue to debate the path of the economy and monetary policy. It’s a decidedly muddled outlook for the market from a fundamental perspective, with an equal amount of data on the bullish and bearish sides of the ledger.

Information can be interpreted as good news or bad news, depending on one’s proclivities and time frame—a stronger economy now could just mean more Fed tightening and a harder fall into recession later, after all.