The S&P 500 is trading at high valuation multiples of 18.8X forward and 26.15X trailing earnings, which are even more overstated due to deferred AI-related capital expenditures. Companies are extending depreciation schedules, causing $854 billion of AI chip and memory costs to be underreported as expenses, artificially inflating earnings. Adjusting for these true cash outlays, the forward multiple rises to 24.8X, signaling a bubble. As depreciation catches up in coming years, earnings growth will face significant pressure, increasing valuation risks from 2028 onward.
The story on S&P earnings overstatement provides context for market watchers. For readers following the Technology sector, here is Pluang's market snapshot as of Oct 10, 2026 04:11 WIB: out of 150 priced US tech stocks, 103 rose and 46 fell. Notable movers include VNET at USD 5.53 with a +6.96% change, HPQ at USD 30.20 down -6.91%, and AKAM at USD 107.00 up +6.05%.
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In early October, long-term U.S. Treasury yields stayed elevated above 5%, with the 10-year yield around 5.3% and the 30-year yield near 5.65%. Bond-market volatility, measured by the ICE BofA MOVE Index, was high at about 113.6 points, indicating in...
Bitcoin fell more than 4% in the week ending Oct. 10 after rising sharply in prior weeks, driven by increased transfers from short-term holders to exchanges, signaling potential selling pressure. Despite these moves, long-term holders remain mostly i...
