Powell on Tuesday noted that asset prices, a category that typically includes stocks and other risk instruments, are at elevated levels.

Powell on Tuesday noted that asset prices, a category that typically includes stocks and other risk instruments, are at elevated levels.

The Fed chairman warned that stocks are “highly valued.” U.S. stocks dropped, with tech leading losses on skepticism over Nvidia’s $100 billion OpenAI deal.

And four of these key metrics hit record highs. “Buying stocks at these multiples feels bad,” Savita Subramanian says.