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The Tell: A rising share of Wall Street CFOs think this stock market is ‘bubblicious’

Wall Street stocks have been mostly on a record-setting uptrend and that has raised concerns from C-suite executives tasked with managing a corporation’s money, according to a quarterly survey conducted by Deloitte.

More than 80% of chief financial officers surveyed by accounting firm Deloitte said U.S. stock markets are overvalued, marking the highest level since Deloitte began conducting its quarterly poll about eight years ago.

Source: Deloitte
Overvalued markets are worrying CFOs

The findings underline an increasing sense of dread by market participants that stock valuations have become bloated after the S&P 500 index SPX, +0.06% the Dow Jones Industrial Average DJIA, -0.04% and the Nasdaq Composite Index COMP, +0.07% have registered repeated records and remain less than a percentage point from fresh records in recent trade.

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