The market is still extremely highly valued

Travis Hoium
01-14

Red is P/E multiples over 20. $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Meta Platforms, Inc.(META)$

Dark red is P/E multiples over 30. $Microsoft(MSFT)$ $NVIDIA(NVDA)$ $Broadcom(AVGO)$ $Apple(AAPL)$ $Amazon.com(AMZN)$ $Tesla Motors(TSLA)$ $Netflix(NFLX)$

The market is still extremely highly valued.

Remember, 10x returns are often generated by buying stocks at 10-15x multiples. Price matters.

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If you're thinking about risks to the market in 2025 and not thinking about oil, it's a mistake.

Every (normal) modern recession's breaking point was driven by oil prices.

We aren't seeing higher prices yet, but they should be on your Market Risk BINGO card in 2025. $.SPX(.SPX)$ $Micro WTI Crude Oil - main 2502(MCLmain)$

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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