Valuation – U.S. Equity Market Capitalization to GDP The U.S. equity market cap to GDP ratio is near an all-time high at approximately 187%, suggesting a significant overvaluation of the U.S. stock market. Image: Goldman Sachs Global Investment Research
Valuation – S&P 500 NTM P/E – Bear Market Troughs The current S&P 500 valuation may suggest that U.S. stocks have not bottomed out. Image: KKR & Co.
Valuation – Total U.S. Market Capitalization as a Percent of GDP Should investors expect more pain for the U.S. stock market? Image: Morgan Stanley Wealth Management
S&P 500 Valuation and Buffett Indicator – Inflation-Adjusted Market Capitalization to GDP Ratio Buffett’s market indicator remains very elevated despite the market sell-off. Image: Real Investment Advice
Valuation – Trailing Price to Earnings Ratio at Prior Bear Market Bottoms The trailing price to earnings ratio on the S&P 500 could fall further. Image: Strategas Asset Management
Valuation – MSCI U.S. Market Capitalization / U.S. M2 Money Supply Should investors take a cautious approach to the U.S. stock market? Image: Gavekal, Macrobond
Valuation – Global GDP vs. Global Market Capitalization Is the global market capitalization to global GDP a sign of global equity overvaluation? Image: Richardson Wealth
Valuation – U.S. Equity Market Cap to GDP and U.S. Corporate Profits to GDP Is the U.S. stock market expensive? The U.S. equity market capitalization to GDP ratio hits a new all-time high. Image: Goldman Sachs Global Investment Research
Financial Markets – Stock-to-Bond Ratio and S&P 500 Composite Valuation Index Financial markets are pricing in a major economic boom. Image: Alpine Macro
Valuation – MSCI ACWI World Market Capitalization to Global GDP Ratio The MSCI ACWI World Market Capitalization to GDP ratio is at record high. Image: Morgan Stanley Research
Market Capitalization and Trading Volumes in Extremely High-Valuation U.S. Stocks Trading volumes in extremely high-valuation U.S. stocks have surged since 2020. Image: Goldman Sachs Global Investment Research