Subject: Re: S&P500 valuations
<Despite the relatively higher Treasury rates recently, I am still underwhelmed wrt the real yield as it compares to the 'equity coupon' of equities
like BRK or solid S&P companies returning 10%+ ROE when looking to hold for a time frame of 5+ years.>

Agree 100% on the Berkshire!
But since this is the Index Investing Board, I'm just pointing out the historically high valuation levels of the S&P500 Index. (As Manlobbi mentioned earlier in the thread.)
Not just compared to T-Bills BTW, also using P/E, Schiller P/E, P/Book, P/Sales, Trendline, Buffett Indicator etc, etc.

Or perhaps...

"Stocks have reached what looks like a permanently high plateau." ~Irving Fisher

All The Best!