"The valuation overhang from regulatory uncertainty will likely continue to grow and weigh on the sector’s performance.”
The latest stock market valuation measures contain both good and bad news for the stock market.
We still don’t expect growth to start to pick-up until early next year, with another rate cut from the Fed and further easing in China along the way.
The SEC is seeking to recover an additional $10 million or so in its case against two Cetera Financial Group businesses.