Here’s the previous 10 times the $SPX was down -17.5% or more

DavidMarlin
04-06

Here’s the previous 10 times the $S&P 500(.SPX)$ was down -17.5% or more. 👇👇👇

The highest SPX P/E Ratio for a bottom was 16x in 1998.

Our current P/E Ratio is 18.6x.

$SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$

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Relevant now as we’ve come from a much higher P/E peak than usual:

The SPX has only sustained a P/E multiple higher than the current mark (22.5x) twice in history:

1.) The Dot Com Bubble

2.) The Covid-QE Bubble

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