Bullish market rally shows signs of overvaluation and bubble risks despite strong profits and S&P 500 gains

Consumer services undervalued; Vanguard Consumer Discretionary ETF cheaper but matches XLY returns

Fred Piard highlights that consumer services stocks are notably undervalued yet maintain strong quality, while the auto and components sector remains unattractive fundamentally. The Vanguard Consumer Discretionary ETF is cheaper than the XLY ETF due ...