The M&A space continues to warm in this high valuation market. Is this another indicator of high market valuations?
I would say that it is definitely one of the multiple indicators that is pointing to the top of the long bull market. M&A tops out right at the end of a bull.
With affordable luxury goods continuing to sell, it is a best time for owners to make those transactions and capture gains in this fleeting market. I am sure we will see more of the same in coming weeks and, possibly, months.
I believe this is another indicator to tone down the risks in portfolios of those who own individual securities. Great shoes, but you don't want to get stepped on!