The S&P 500 (VOO) Is Misleading Investors, but There Is Still Value If You Look for It

Many of the S&P 500 stocks are underperforming, with half either stagnant or declining. This indicates serious questions about the market's overall health and breadth.

The 'Magnificent Seven' mega-cap tech stocks are dominating the market, accounting for as much as 90% of movements in major indices, which skews results considerably.

Valuations are currently stretched, with the S&P 500 trading at a PE ratio between 28-32, and mega-cap firms like Nvidia Corp. seeing PEs as high as 120.

As the S&P 500 faces shaky conditions, many investors are now considering high-yield savings accounts offering rates of 4% or more, suggesting a shift in investment strategy.

Read at 24/7 Wall St.