CAPE ratio

S&P 500 Shiller CAPE ratio hits 39—over 2x normal—matching pre-Depression and dot-com extremes, but tech giants now profitably monetize AI, distinguishing this cycle.

UBS cuts U.S. equities to benchmark weight, citing extreme valuations and fading dollar strength. CAPE ratio near dot-com bubble levels suggests modest 1.5% annual returns ahead.

$VXUS delivers 31% annual return as investors flee U.S. tech concentration; international valuations appear attractive versus stretched U.S. multiples.

S&P 500 down 3% from highs amid record valuations and weakening growth. Historical patterns suggest potential 20% decline by 2028.

S&P 500 valuation at 40 CAPE ratio and 8% dollar decline in 2025 pose greater crash risks than tariffs alone, mirroring dot-com bubble conditions.

Warren Buffett retires after 13 quarters of net stock selling totaling $187B. S&P 500 CAPE ratio hits 39.8—highest since dot-com crash—suggesting potential 30% decline ahead.

Tariffs burden consumers and businesses, threatening spending and economic growth. High U.S. stock valuations amid tariff pressures prompt investors to seek international opportunities.

Investors increasingly scrutinize earnings quality as firms rely on non-operational income to support profits amid stretched valuations and slowing business growth.

Stock market valuations hit historic highs amid strong gains, but Shiller P/E ratio signals correction risk based on historical patterns of 20-89% declines.

S&P 500 valuations match dot-com era levels, but today's tech giants like Amazon and Microsoft have real earnings supporting prices, unlike the 1990s bubble.