One of the most common soundbites that I hear while listening in to the financial news channels over the years is this: “The S&P 500 is at an all-time high today.” And by looking at the charts, it is true; it is climbing, and its rise further accelerated since emerging from the ashes of the Global Financial Crisis of 2008/2009. The obvious question now is: how high can it go? I believe this question has been asked many times before. My answer to this is just four words: I do not know. As with all investment charts, high can go higher. Digging in further, we know that the S&P500 is being hard carried by the Magnificent Seven counters of Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. The potential and advent of artificial intelligence, as well as favourable earnings reports for some of them, spell further upside for the index. But there are some talk that S&P500 is overvalued to some...