Stocks may not be as expensive as you think, portfolio manager says

The S&P 500 (^GSPC) is trading near all-time highs, leading some to be concerned about stock valuations. Hennessy Funds portfolio manager Josh Wein says "'the market' might be expensive, but stocks are not." Hear him explain why in the video above. To watch more expert insights and analysis on the latest market action, check out more Morning Brief.

Jan 3, 2026 - 22:00
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Stocks may not be as expensive as you think, portfolio manager says
The S&P 500 (^GSPC) is trading near all-time highs, leading some to be concerned about stock valuations. Hennessy Funds portfolio manager Josh Wein says "'the market' might be expensive, but stocks are not." Hear him explain why in the video above. To watch more expert insights and analysis on the latest market action, check out more Morning Brief.

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