The last time the S&P 500 did this, it marked a market top

5:03 PM ET Mon, 17 June 2019

The S&P 500 is rallying this month, pushing its PE ratio close to 17 times forward earnings, a valuation level that marked the top in May and last fall. Katie Stockton of Fairlead Strategies and John Petrides of Point View Wealth Management lay out what comes next.