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Callum Thomas highlights that the stock market is currently experiencing elevated valuations as it 'lets off steam' after a sharp rebound.
This observation was shared in his latest assessment of S&P 500 trends, where valuations served as a key indicator of accumulated momentum within the market.
Thomas previously identified a 7,500 ceiling for the S&P 500, while noting rising risk factors in a recent outlook. He has also published weekly chart reviews of the index, highlighting sources such as MarketCharts for further tracking in an earlier report. Both updates add context to his ongoing assessments of market trends.