Second Lipper outflow week; Dangote IPO papers signed

Motley Fool (Sep 7): CAPE over 41—most expensive since late-1999/2000 outside that peak neighborhood.

Multpl Sep open ~40.90 / Sep 11 ~41.09—overvaluation horseman still in the saddle.

Valuation-as-bubble essays re-enter retail media as CAPE >41 narratives spread.

digit.fyi / FT-family: Anthropic nears public filing as banks jostle—belief spectacle rebuilding after August’s flow chill.

Sep 7: Dangote signs refinery IPO papers; ~4.1B shares at ₦525, subscription Sep 14–Oct 13—~$49B valuation / ~$1.6B raise framing.

WITH megas still dominated by pending Anthropic/OpenAI calendar; WITHOUT megas, Dangote alone lifts global issuance breadth.

Anthropic: public filing could come ‘as soon as next week’ in FT-family coverage—calendar crowded, not cancelled.

Lipper: second weekly U.S. equity outflow (−$11.12B week through Sep 2) after −$22B+ prior week; money markets bid (~$48.76B).

Issuance appetite is globalizing even as U.S. equity fund flows retreat—horsemen are not marching in lockstep.