According to a recent analysis by Bank of America, the S&P 500 is considered one of the most overvalued markets in history, being expensive on 19 out of 20 valuation metrics. Notably, the Shiller Price to Earnings ratio (CAPE) is reported to be over 100% above its historical averages. This assessment places the S&P 500 in the 97th percentile of average valuation measures, indicating that it is statistically expensive by almost every metric analyzed. The findings highlight significant concerns regarding the current market valuation.