S&P 500 Near 7,600 as Buffett Warns Investors Are Gambling

The S&P 500 trades near 7,600 after a 16% rally since March, yet June 2 analysis highlights mounting downside risks. Elevated April CPI at 3.8% YoY, Brent crude above $90, and the 30-year Treasury yield holding above 5% for 11 days mirror conditions that preceded a 17% S&P decline and 14% Nasdaq drop last cycle. Kristina Hooper’s May 28 forecast of a 10–20% correction driven by yields and valuations is reinforced by Warren Buffett’s framework showing bonds outcompeting equities, while AAII sentiment shows 42% of investors expecting declines.