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Market Valuation November 2025
Markets have continued to maintain above average returns in 2025, with the S&P 500 notching a 14.66% YTD. In the last 5 years, the S&P is up over 80%, marking a historic period for the stock market. However this does not come without risk. The "Buffet indicator," a ratio that measures stock market to valuation to GDP, sits at around 220% of GDP. This is a level that Warren Buffet himself denotes as "playing with fire." To put this into perspective, at the peak of the dot co
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