Fed's Powell says stocks are ‘fairly highly valued.’ These 3 charts show he's right.

1. Federal Reserve Chair Powell warned stocks are highly valued, causing market concerns. 2. Nasdaq Composite fell 1%, marking its biggest drop since late August. 3. Valuation metrics like the CAPE ratio are nearing record highs again. 4. Current U.S. stock market capitalization is 2.7 times GDP, highest since 2001. 5. Bank of America sees high valuations as the new normal, not immediate concern.