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I currently see overvaluations in individual companies in the S&P 500, but by no means in all of them. There are still some stocks (especially value stocks) that are fairly or favorably valued. By geopolitical risks, I don't necessarily mean that I fear a war will break out soon. Rather, I am increasingly coming to the conclusion that the USA will not be able to maintain its status as the world's biggest power and will also lose international influence. Companies such as McDonald's, Apple or Coca Cola, whose products can be found practically everywhere in the world, may lose their appeal. That's more my fear.
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9Lun
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@walkinginmemphis The S&P 500 stocks are actually very "cheap" at the moment, especially the quality stocks... A Dollar General, a Kroger or even a Hershey might be good examples here