Started By
Message

re: Whats the next event that could send the markets back down to the 3500 level or lower??

Posted on 11/24/22 at 6:55 am to
Posted by frogtown
Member since Aug 2017
5115 posts
Posted on 11/24/22 at 6:55 am to
2023 S&P 500 forward earnings continually revised lower due to recession.

BofA now has 2023 S&P 500 earnings at $200. Assign a 16-18 multiple and that gets you to a 3200 - 3600 S&P 500.

Expect more lower earnings revisions throughtout December 2022-January 2023.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 11/24/22 at 11:33 am to
quote:

2023 S&P 500 forward earnings continually revised lower


Yep. Any index rally is going to be capped. It's not doomsday or anything, but there's not much upside for investors to be bullish about. Best case is sideways chop.

This is current S&P earnings data.

first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram