30 year trend clearly shows overvaluation and a correction due.
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Following the CAGR of 9.51% of the past decades indicated by the red line, today's valuation would only be fair in January 2029, meaning we should expect 0% growth for the SPX for the next 4 years. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.