2017 has undoubtedly been a year of market oddities, one that ended with the bitcoin valuation hockey stick chart finally running up against resistance to end the year. But outside of assets that have little tangible value also stand several oddities in the stock market, among them volatility. Valuations bucking up against all-time highs comes at a time when an increase in market volatility could dramatically change that equation. Looking at SP 500 returns for 2017 with an eye to 2018, a Credit Suisse report points to factor outperformance amid P/E multiple contractions.
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