When the stock market is this overvalued, it is usually lower 12 months later

When the stock market is this overvalued, it is usually lower 12 months later

The stock market could be in trouble after its historic surge from the late-March lows as valuations become increasingly elevated, data compiled by RBC Capital Markets showed.

The S&P 500‘s trailing price-to-earnings ratio, a widely used valuation metric, is currently sitting at 21.61. That’s near the highs seen in early 2020, when the broader market index was trading at an all-time high. The…

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