Just How Expensive Are Stocks After All the Ups and Downs? We Check the Math.
1. Stocks appear expensive, raising vulnerability concerns for S&P 500. 2. High valuations traditionally signal lower returns over the next 10 years. 3. Current S&P 500 earnings yield is low compared to historical averages. 4. Market absorbed past tariff impacts but remains wary of high valuations now. 5. Investors are cautious as stocks underperform compared to bonds in 2025.