⚠️The US stock market has NEVER been this expensive:
The US equity market valuation has now reached the highest level on record.
This includes P/E, forward P/E, Shiller P/E, Price-to-Book, Price-to-Sales, EV/EBITDA, Q ratio, Warren Buffett indicator, and Return on Equity (RoE).
This combined metric is now higher than previous peaks seen before the Great Depression in 1929, or at the 2000 Dot-Com Bubble peak.
Historically, such periods have followed years of US stock market underperformance.
Is history set to repeat, or will the US equity market continue to thrive?
The US equity market valuation has now reached the highest level on record.
This includes P/E, forward P/E, Shiller P/E, Price-to-Book, Price-to-Sales, EV/EBITDA, Q ratio, Warren Buffett indicator, and Return on Equity (RoE).
This combined metric is now higher than previous peaks seen before the Great Depression in 1929, or at the 2000 Dot-Com Bubble peak.
Historically, such periods have followed years of US stock market underperformance.
Is history set to repeat, or will the US equity market continue to thrive?