Even as stocks slide, Wall Street is at ‘historically extreme valuations,’ warns Apollo chief economist

fortune.com/2025/11/07/apollo-chief-economist-valuations-ai-wall-street-reckoning

Markets are not in a comfortable place right now. The S&P 500 was down by more than a percentage at yesterday’s close, the Dow Jones by near the same, and the Nasdaq was down nearly 2%. The VIX volatility index, by contrast, is up more than 9%—suggesting the turbulence is far from…

This story appeared on fortune.com, 2025-11-07 11:16:57.
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