S&P500 is experiencing a valuation retreat due to rising inflation and concerns about AI spending. After a significant bull market, optimism about Federal Reserve interest rate cuts has been tempered by rising inflation, leading to a pause in rate cuts. The index is now trading at a forward price-to-earnings ratio of 19.4, according to FactSet. [Read More](https://www.zeropnl.com/p/tariffs-markets-crypto-brief-72d6c7ca04cc5220)
