Excerpt from Bloomberg quoting DataTrek co-founder Nick Colas:

… “What seem like very lofty U.S. stock valuations are defensible if (and only if) earnings bounce back strongly in the second half of the year,” Nicholas Colas, co-founder of DataTrek Research, wrote in a recent note. “There are certainly micro-bubbles (some SPACs, IPOs), but there’s also a good case that stocks as a whole can and will earn their way into lofty valuations”…

Read the full article here on Bloomberg!