2min chapter

The Compound and Friends cover image

This Is a Hitchcock Horror

The Compound and Friends

CHAPTER

The Math Behind S&P 500 Price Targets

The S&P 500 earned 220 to share in the last four quarters. By all standards historical math, the thing holding this market is 17, 18, 19 PE. If we get through Q3 and earnings are near record highs, can we turn bullish? No.

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