Skip to content
Sep 07 2025
Stock Market

A Cross-Check On Valuations

  • Sep 7, 2025

Be it the S&P 500 or MSCI USA Index, U.S. Large Caps are on par with the valuation extremes reached in 1999/2000, and again in late 2021—but they aren’t entirely at the point of qualifying the market as the most expensive of all time. (Give it a few more months, perhaps.)

Login

For full access, please enter your credentials.

About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager

Doug Ramsey Chief Investment Officer & Portfolio Manager

Doug is the Chief Investment Officer of The Leuthold Group, LLC, and Co-Portfolio Manager of the Leuthold Core Investment Fund and the Leuthold Global Fund.

Perception for the Professional
September 2025 Issue

Green Book Publication Cover

Featured Articles

Sector Navigator
September 2025 Issue

Blue Book Publication Cover

Recent Tags
[ALL]

4% Club (8) Stablecoins (1) Dollar (57) Tobacco (9) Recession Dashboard (4) Fed Policy (174) Growth (121) Credit (12) Selloff (1) Recession (70) Value (132) Germany (4) Dreams and Nightmares (5) Yield Curve (86) Election (11) China (45) Easing (1) Gold (84) Market Rotation (2) CPI (171)