Business & Finance: US Today

40.68 — the S&P 500's Shiller CAPE ratio as of September 1, its second-highest reading in over 150 years of data. The only time it climbed higher was in late 1999 during the dot-com bubble, before one of the steepest sell-offs in modern history. This time, three macro headwinds — rising rates, elevated inflation, and geopolitical risk — are all pressing simultaneously.

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