The S&P 500 Is at Record Highs and Hasn't Been This Expensive in Decades. History Says This Could Happen Next
The broad index is now far more expensive than it was before its most recent crash in 2022.
Overview
At one point this year, the S&P 500 (SNPINDEX: ^GSPC) looked like it was in trouble, falling below 6,400. The war in Iran spooked investors, in what at the time appeared to be the catalyst that could bring the broad index back down to more reasonable levels, after three straight years of impressive gains.
Instead, the index has not only made up for those early declines but also soared to new heights. Currently, it's around 7,800. There's just no denying that the index is expensive these days. It hasn't been this pricey in decades -- and that may not be what investors want to hear.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.