The stock market has performed well so far this year, with benchmark indices rising over 9%. After recovering from a dip in April, indices are nearing record highs set in March and could soon score new records. While past performance is positive, high valuations have reignited discussions around a potential market correction. The S&P 500‘s price-to-earnings (P/E) ratio is close to 27, above its 10-year median of 15. This suggests the market may be indeed overvalued and due for a pullback. Some investors cho ...