Top CEOs Warn of Overvalued Markets as Bitcoin Weakens Against S&P 500

Group 1 - Wall Street's top executives are warning of overheated markets, predicting a 10-15% equity correction within the next 12-24 months, which they believe would be a healthy adjustment after a prolonged rally [2][3] - Capital Group CEO Mike Gitlin highlighted that the S&P 500 is currently trading at 23 times forward earnings, significantly above its 5-year average of 20 times, indicating that valuations are "full, not cheap" [3][4] - Gitlin noted that most investors perceive the market as being "somewhere between fair and full," with credit spreads showing similar patterns of pricing strength but offering little cushion against potential shocks [4] Group 2 - The caution observed on Wall Street is mirrored in the crypto markets, where Bitcoin is showing relative weakness against the S&P 500, suggesting a potential late-cycle behavior [6] - Crypto analyst Brett pointed out that Bitcoin has printed its third consecutive candle below the 50-week simple moving average, a critical support level during bull runs, indicating a risk-off rotation may be forthcoming [7] - Historical patterns suggest that when Bitcoin peaks, the S&P 500 often enters a prolonged chop phase, and if this trend continues, equity markets may be nearing a similar inflection point [8]