⚠️The US equity market has never been this OVERVALUED:
A record 40% of US stocks trade at an EV(enterprise value)/Sales ratio of over 10x.
This percentage has QUADRUPLED since the 2022 bear market.
This also exceeds the 2000 Dot-Com Bubble peak by ~5 points.
Furthermore, stocks trading above 20x sales now account for ~13% of total US equity market cap, the highest in 26 years.
Is this the most expensive market in history?
