58% OFF the Premium on Silver Rounds – Ends 3/7 at 4pm EST (while supplies last)
A new analysis reveals U.S. stocks have reached their most expensive level in history when measured against workers’ purchasing power.
According to Leuthold Group’s research, manufacturing workers must now work more than 200 hours to afford one unit of the S&P 500, dramatically exceeding the historical median of 33 hours in data going back to 1947.
This extreme valuation coincides with other concerning metrics – the S&P 500’s forward P/E ratio stands at 21.4 times expected 2025 earnings, and its price-to-sales ratio is at levels not seen since the aftermath of the dot-com bubble.
While the market has shown resilience, rising over 50% from its October 2022 lows, these valuation metrics suggest unprecedented disconnection between stock market values and real-world wages, even as recent positive inflation data continues to drive market gains.
