According to the Buffett Indicator, US stock valuations have reached a historic peak of 212% of GDP, surpassing records set during the Dot-Com Bubble and the 2008 Financial Crisis. This significant valuation suggests a cautiously optimistic market stance.
Major indices like the S&P 500 and Nasdaq are also hitting fresh record highs as 82% of S&P 500 companies have reported earnings exceeding Wall Street expectations. Despite these successes, market volatility is anticipated ahead of the upcoming Federal Reserve meeting.
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