Key measures of S&P 500 valuation enter 2025 at levels only seen in the final gasps of either the Tech Bubble or the 2021 post-COVID market mania. Many would counter that speculative psychology is not at the same heights as in those crazed market eras. Based on at least one sentiment measure, they’re correct: It’s higher!
Jan
08
2025
Sentiment: Frothier For Longer
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