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Major Investors Signal Caution as Market Valuations Reach Uncomfortable Heights

Prominent investment managers are expressing concern about elevated stock valuations in a market increasingly concentrated in technology equities. Canada Pension Plan Investment Board's leadership indicated discomfort with current price levels. Other major asset managers have warned investors to exercise restraint as momentum-driven trading pushes prices higher. The rally has extended beyond pure technology plays into industrial stocks, which are drawing investor interest partly on expectations they could benefit from emerging technological trends. Some strategists counter that diversified global portfolios deliver competitive returns without heavy reliance on the technology sector. Investors are being advised to reassess concentrated positions as valuations continue climbing. Market observers caution against chasing momentum at current price levels, noting that gains remain heavily concentrated in fewer stocks.