S&P 500 IS AS EXPENSIVE AS DURING THE DOT-COM BUBBLE
90% of the market sectors have their P/E ratios in the top 25% historically.
This is in line with levels seen during the Dot-Com Bubble and before the 2022 bear market.
Long-term expected returns are not promising now.
https://x.com/GlobalMktObserv/status/1838631986161729960
