In this session from Equity Research and Valuation, Ed Yardeni covers a brief history of stock market valuation models using the Yardeni Model covered in the CFA Program Level III curriculum. He also discusses the art and science of valuation modeling and the effects of powerful secular trends (including demographics, technology disruption, and more) on earnings growth, inflation, and valuation. Mr. Yardeni considers stock market predictions and the interconnectedness of stocks with bond, commodity, and currency markets and addresses an important question: Where do we go from here?