Is the S&P 500 Index overvalued based on historical metrics?

chart showing the S&P 500 Index as the numerator and the U.S. GDP as the denominator.

The Barron’s article.

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Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
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