Does CAPE Work on Stocks?

My buds Wes Gray and Jack Vogel  just put out a killer new paper where they asked the above question.  The simple answer is “yes it does”.

The more interesting answer is 1) there are other cyclically adjusted measures that work better and 2) there is some other factor you know I like that reaaaalllly gets the returns flowing.
Link to the Article

 “On the Performance of Cyclically Adjusted Performance Measures