1. The Buffett Indicator is at 228.40%. Although the previous sharp decline in US stocks caused a significant drop in this index, it remains severely overvalued over the long term. 2. The S&P 500 Equity Risk Premium (ERP) is 5.58%, which is in a rel

2026-11-10

1. The Buffett Indicator is at 228.40%. Although the previous sharp decline in US stocks caused a significant drop in this index, it remains severely overvalued over the long term. 2. The S&P 500 Equity Risk Premium (ERP) is 5.58%, which is in a relatively neutral range. Taking both indicators together, the cost-effectiveness of investing in US stocks is relatively low compared to US bonds.