The current bull market has had a great start during its first 15 months! The S&P 500 Index is up slightly more than +90% from its March 2020 bear-market low. Most valuation metrics suggest a highly-priced market; there has been a pick-up in taper talk, a looming fiscal cliff, and this month, the economy appears poised to achieve its peak growth for the expansion. It’s a good time to consider just how much capacity this bull market might have left?