Serious Question: How Long Is Our Run?

  • At the end of March, the average geometric valuation for S&P 500 companies had declined to 148% from 167% in February. As of the fourth quarter of 2024, U.S. households and nonprofit organizations held approximately 43.5% in corporate equities, directly and indirectly, compared with just 15.3% in cash and deposits, including money market funds.