Valuation and fundamentals

SPX continues its launch above 18X forward earnings, both on real time and 10 week moving average basis. 

Here's my record of week by week Thomson Reuters data from 2017 2H:

17.78
17.59
17.67
17.93
17.95
17.78
17.75
17.72
17.54
17.64
17.57
17.81
17.92
17.89
17.97
18.10
18.11

And here is the Citigroup Economic Surprise Index. No wonder $DXY rallied!