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Buffett Indicator hits record 238%, flashing extreme market overvaluation warning. The ratio of total market cap to GDP surpasses previous highs, signaling caution for investors.

The Buffett Indicator, a measure of total market capitalization relative to GDP, has reached a record 238%, signaling extreme overvaluation in the U.S. stock market.

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Treasury yields signal Fed may need higher rates as 2-year note tops 4.1%, with markets pricing in potential hikes as soon as October on strong economic data and persistent inflation risks.

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