...nice heatmap on overvaluation.
The S&P 500 P/E Ratios Heat Map. Besides Energy (ExxonMobil $XOM) and Banks (JPMorgan Chase $JPM), everything is wildly overvalued. Proceed with caution.
https://x.com/JesseCohenInv/status/1774157409671352624?s=20
My S&P 500 Risk - Reward Model shows there is huge amount of risk at these levels. The model has formed a negative divergence with SPX just like it did at the January 2022 top. Monthly signals on $SPX indicate a major top is forming as complacency is through the roof.
https://x.com/ChartingProdigy/status/1774144467529830840?s=20
As the market climbs, the implied ERP for the S&P 500 drops to 4.23%, its lowest value since 2008. As a forward-looking price of risk, the ERP drives everything in markets. I have a review that I do on ERP, and my fifteenth annual update is now available:
https://x.com/AswathDamodaran/status/1774083871195230592?s=20
...FOMO can be something you will regret later.
Stanley Druckenmiller after losing $3 billion on tech stocks during the 2000 bubble: "I didn't learn anything. I already knew I wasn't supposed to do that".
https://x.com/KoyfinCharts/status/1774129484238868688?s=20
