Subject: Re: S&P 500 hits record high
Just avoid the S&P 500.

PKW- Invesco BuyBack Achievers - ttm pe is 13.7, fwd is 12.6 and invests in companies who are buying back 5% or more of the shares a year.

DGRO - iShares Core Dividend Growth ETF . ttm pe 19, most s&p 500 names but skewed towards dividend payers

VBR - Vanguard Small Cap Value ETF . ttm pe 11.4, mid size/ small cap names. My only concern is how these companies will handle a higher interest rate environment for extended periods of time as they are more leveraged than ever