The Stock Market Flashes a Warning Seen During the Dot-Com Bubble. History Says the S&P 500 Will Do This Next.
The S&P 500 trades at an expensive valuation that has historically preceded negative returns over the next one, two, and three years.
The “Magnificent Seven” stocks achieved an average return of 335% during the last five years, while the S&P 500 (^GSPC -0.29%) advanced 92%.