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Valuations suggest they are, but other considerations suggest they may not be.
Are US stocks overvalued? It's among the leading question I'm receiving, along with whether candidate X or Y, if (re)elected, will tank the market. The answer to the latter, viewed through history's lens, is a resounding no. In assessing if stocks are currently overvalued however, we find a classic Rorschach test, in that you can see what you want to see.
On an absolute basis, across different valuations metrics - price to earnings, price to sales,