After all, so much investor money, including tons of retirement funds and 401(k) assets are loaded up on exposure to S&P 500 Index funds. When we look at the S&P 500 today, we find that while there are 11 economic sectors, only some of them matter. In addition, the S&P 500 (last on the chart), is yielding less than it has at nearly any point during this period. On a “trailing 12 months basis,” the dividend yield of Energy sector of the S&P 500 is over 13%. This analysis, including the S&P 500 in total, seems to scream “overvalued” at us.

Source: Forbes October 11, 2020 12:56 UTC