What do you consider to be the most important factor in determining the valuatio

What do you consider to be the most important factor in determining the valuation of both bonds and equities? In your post explain both the reason you believe this is the more important factor and how that factor varies with different market conditions.
What do you consider to be the most important factor in determining the valuation of bothbonds and equities? In your post explain both the reason you believe this is the moreimportant factor and…