Global equities are hitting record highs across the S&P 500, equal-weight, small- and mid-cap indexes. Europe is at peaks and emerging markets are close. Ben Ca

Global equities are hitting record highs across the S&P 500, equal-weight, small- and mid-cap indexes. Europe is at peaks and emerging markets are close. Ben Carlson says valuations are falling as profit margins improve, an unusual bullish setup.