Buffett Indicator at 221.95% as US Stocks Look Pricey Versus Treasuries

Cointime reports: The Buffett Indicator stood at 221.95% on November 5, down sharply from the prior day to a new low since July, though it remains in severely overvalued territory on a longer-term view. The S&P 500 equity risk premium rose to 5.75%, a new high since April, putting it in relatively neutral territory. Taken together, the two gauges suggest US equities are broadly less attractive than US Treasuries over the long cycle.