S&P 500 as expensive as at the end of 2021 in valuation terms !S&P 500SP:SPXSwissquoteTwo weeks ago, I shared a technical analysis of the S&P 500 across all timeframes. This analysis outlines price targets for the end of 2025 based on technical and fundamental criteria. You can revisit this analysis by clicking the first chart below. WARNING: A major bullish target I previously mentioned is close to being reached—6,475 points on the S&P 500 futures contract. The market may soon enter a consolidation phase. https://www.tradingview.com/chart/ES1!/wwgSN9WJ-S-P-500-what-target-for-the-end-of-2025/ Given this week's packed fundamentals, it's wise to start locking in your gains by moving up your stop-loss levels—especially as the S&P 500 has now returned to its end-2021 valuation peak. Click on the table below to access details on this week's significant fundamental developments: 1.Caution: The S&P 500 has reached its end-2021 valuation record! While technical market analysis is important, valuation metrics are even more so. The S&P 500 has just reached its previous valuation peak from the end of 2021—historically the starting point of the 2022 bear market. While the current macro context is different, this level could trigger a short-term market pause. Chart showing S&P 500 valuation via the CAPE Ratio (Shiller PE): 2.S&P 500 seasonality is weaker in August and bearish in September Another cautionary factor is seasonality. A statistical look at average S&P 500 performance by month highlights a weaker period in August and a typically negative one in September. In summary, technical, fundamental, and seasonal analysis all point to securing gains as we approach August/September—without questioning the underlying long-term uptrend. Chart showing S&P 500 seasonality since 1960: DISCLAIMER: This content is intended for individuals who are familiar with financial markets and instruments and is for information purposes only. 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