Trailing-12m PE sits multiple decades above the long-run norm - valuation context for the melt-up leg without invalidating it structurally.
Provenance — node opacity = source trust
- Evidence Strength
Moderate- Evidence Observed At
- May 15, 2026 · 6:00 PM UTC
- Citation
- https://www.bloomberg.com/news/articles/2026-05-15/sp500-pe-vs-norm
- Citation Source
bloomberg- Market Metric
Valuation Ratio