Quick Read – Nvidia (NVDA), Microsoft (MSFT), and Apple (AAPL) are high-margin technology companies that defenders argue deserve premium valuations compared to industrial-era firms, though even tech-bullish Goldman Sachs projects just 3% annualized S&P 500 returns over the next…
cade if valuations stay near current levels. – The S&P 500’s CAPE ratio at 41.35 is the second-highest in 150+ years of market history, second only to the November 1999 dot-com bubble peak, and historically elevated readings like those in October 1929 and December 2021 have preceded significant market declines and extended periods of weak returns. – The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE
President Donald Trump’s second term has delivered a stock market rally few investors expected would survive the turbulence thrown at it. Tariff battles rattled global trade. The so-called “SaaS-pocalypse” crushed once-highflying software stocks.
Treasury yields climbed above 5% more than once. Yet each pullback eventually gave way to another rebound, pushing the S&P 500 to fresh record highs. That resilience has been remarkable, but what if the market’s biggest risk isn’t tariffs, inflation, or even geopolitics — but simple valuation math?