Equity Valuation Monitor

S&P 500 / Shiller CAPE

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Price sensitivity — fixed earnings base
Scenario SP500 level Change from today Shiller CAPE Valuation zone CAPE / max (44.19)
Valuation zones
Extreme ≥ 40 High 32–39 Elevated 25–31 Fair 18–24 Cheap < 18
Mean reversion reference
Scenario SP500 level Change from today Target CAPE Valuation zone