What Rally? These Stocks Are Still Historically Cheap.

Core Viewpoint - The S&P 500 is currently trading at its highest valuation since the dot-com bubble, indicating a significant increase in market valuation and investor sentiment [1] Valuation Insights - The current valuation levels suggest a potential overvaluation in the market, reminiscent of the late 1990s tech boom [1] - Investors are closely monitoring these valuation metrics as they could signal future market corrections or shifts in investment strategies [1]