Lawrence G. McMillan is president of McMillan Analysis, a registered investment and commodity trading advisor. McMillan may ...

If you’re feeling FOMO, envy and greed about record stock prices, you’re not alone. That’s how market bubbles form.

33% of S&P 500 trades above 10x price-to-sales, surpassing dot-com levels. We discuss charts that contrast the future profit growth optimism with the reality of economic conditions.

The chart shows that since 2001, job openings have been closely tied to the S&P 500. With job openings down 27% since their March 2022 peak of 12 million, that suggests the stock market is likely ...