The S&P 500 Is Repeating an Ominous Pattern Not Seen in 26 Years. History Says This Is What Usually Happens Next, and Why This Time Could Be Different.

The article flags the S&P 500’s CAPE ratio as the highest since the dot-com bubble, implying the market is priced as “expensive” versus historical norms. While it provides no new catalysts, the valuation signal is a headwind for forward returns and increases investor caution.