The S&P 500's market cap is double trailing-12-month GDP, the highest since 1929. Adjusted for Treasury yields, the index trades at its highest premium in over 100 years, dating back to 1920. CME analysts led by Erik Norland cite corporate earnings trends as a reason the bull market may continue.
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Summary by ByteBrief
SpaceX's valuation nearly equals every top U.S. IPO since 2000