Overvalued stocks may decline due to fundamentals

The article discusses the current stock market, noting that it appears increasingly overvalued despite rising prices. It suggests that fundamentals, such as cash flows, will eventually impact stock performance. The author emphasizes that overvalued stocks may face declines when fundamentals become relevant again. However, no specific stocks or investment recommendations are provided. The article does not include any personal investment positions or plans, and it clarifies that past performance does not guarantee future results.