2021 S&P 500 rises 20%, driven by AI stocks and lower interest rate expectations, but current valuations are high.
The S&P 500 has risen over 20% this year, driven by growth in AI stocks and expectations of lower interest rates. However, current valuations are higher than earlier in the year, with the Shiller CAPE ratio at 35, indicating expensive stocks. While some stocks may still offer opportunities, investors should focus on long-term strategies, as individual company growth can yield returns even amid potential market pullbacks.
October 06, 2024
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