Valuation - Real S&P 500 Index with Recessions and S&P 500 Shiller CAPE Ratio

With the Shiller CAPE ratio hovering near 40 times earnings, the U.S. stock market looks expensive and long-term real returns are likely to be lower, though that doesn’t mean a crash is right around the corner.

Image: Real Investment Advice

Real S&P 500 Index with Recessions and S&P 500 Shiller CAPE Ratio