Stock market valuation reasonable

Market breadth indicator (advance/decline ratio) will remain positive with 55%+ of S&P 500 constituents above their 200-day moving average over 60 days, confirming reasonable valuations support broad-based market health

Large-cap tech stocks (FAANG: AAPL, MSFT, GOOGL, AMZN, NVDA) will deliver positive returns within 2-3% annualized volatility over 120 days, indicating reasonable valuations support stable performance

S&P 500 index will remain within fair valuation range (P/E ratio 18-22x) over the next 90 days, supporting the thesis that current market valuations are reasonable