Across most global markets right now, stocks aren't exactly screaming bargain. Sure, you'll find a few pockets—like the UK and China—where valuations look a bit more reasonable compared to recent years. But here's the thing: even in those spots, we're not seeing genuine cheap opportunities. The broader picture? Equities are sitting near historically elevated levels almost everywhere you look. For anyone building a diversified portfolio spanning traditional assets and crypto, this backdrop matters.