Sell SPY by Jun 3, 2026.

The 12- month forward P/E for S&P 500 stands at 21.8 x, higher than 90% pf observations over the past 20 years. Evan excluding Big tech, valuations elevated at 19.2 x, well above the long term median. In comparison, markets such as STOXX Europe 600 trade around 15.6x , Nikkei 225near 17.8x and Asia Pacifix ex japan at 14.8x . Overall U.S . Stocks are roughly 40% more extensive than global markets excluding thr US. highlighting historically ruch valuations. source …