What is the Buffett Indicator for 2024?

Could you please explain what the Buffett Indicator represents and what its current value is projected to be for the year 2024? This indicator, often used by investors to gauge the overall valuation of the stock market, is of great interest to many, especially in light of potential economic changes and market trends. How does it compare to historical levels and what implications might this have for investors and the broader financial landscape?