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3 drivers of the stock market's bull rally are hitting extremes and point to lower returns ahead, economist says

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85% Informative

David Rosenberg warns clients to prepare for a period of limited appreciation in US equities.

Rosenberg is particularly concerned about recent trends in valuations, interest rates, and taxes.

He said operating earnings would need to surge to fuel further market gains.

Rosenberg : "All three current levers of price returns are close to maxing out".