World
Markets: CAPE Ratio at 1929 and 2000 Levels—S&P 500 Threatened with 10% Decline
The CAPE ratio, a stock market valuation indicator designed by Nobel Prize-winning economist Robert Shiller, reached levels on July 25, 2026 comparable to those observed before the 1929 crash and the 2000 dot-com bubble burst. According to 24 heures, experts estimate the S&P 500—the index of 500 large U.S.-listed corporations—faces a potential 10% correction. A high CAPE is historically interpreted as a signal of market overheating.