Risk has remained 'on' following the Fed's Powell and his latest salvo of remarks.
With corporate earnings due to tumble this year, how are those stock valuations looking?
This is as expensive as we've seen since the tail end of the tech bubble in 2001.
US stocks have been pulled higher, largely driven a number of the mega-cap tech stocks.
Plenty of companies have pulled earnings guidance due to the high level of uncertainty, of course, but this isn't normally a good sign.