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Story summary
- The S&P 500 climbed to 7,165, pushing the Buffett Indicator to 227%.
- The 227% reading sits about one-sixth above the level Warren Buffett warned signals a “roasting zone.”
- Corporate profits now equal 12% of GDP, up from the historic 7%-8% share.
- The S&P 500’s forecast Q1 GAAP price-earnings ratio exceeds 28, about two-thirds above the 100-year average of 17.
