CSP500 up 0.59% but the US market's valuation is stretched at current levels, making this a poor entry poin…by @bullhammer_sa on $CSP500

CSP500 up 0.59% but the US market's valuation is stretched at current levels, making this a poor entry point for fresh capital. The rand weakness propping up these ETF returns is masking the fact that US earnings growth isn't keeping pace with the multiple expansion we've seen.