S&P 500 Revenue traditionally moves controlled and steady, in line with its historical ascent of 10% growth per year.
What’s not steady is Market Cap
This fluctuates when the market is over or under valued
The wider the breath between the red and the blue line, indicates the difference
Right now, the red line is showing a clear overvalued market compared to revenue.
The gap narrows when the breadth gets extreme
Pre - 2020 shows how the market moves in normal times
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