The S&P 500, Dow Jones, and Nasdaq have hit multiple record highs this year. Despite high valuations, investors historically benefit from a long-term view. The Federal Reserve’s rate-easing cycle is encouraging, but Chairman Powell’s recent warning about equity valuations has sparked concern. Historical data suggests market valuations are in risky territory.

Read more at Yahoo Finance: Did Fed Chair Jerome Powell Drive a Dagger Through the Stock Market’s Heart With These 6 Words? Historical Data Backs Up His Claim.