As we approach Q3 earnings season, the Street cut the bottom-up S&P 500 forward 12-month EPS estimates by an estimated -0.41% as recession anxiety begins to rise. The good news is the market is trading at a forward P/E of 15.8, which is below its 5- and 10-year averages.
In light of the heightened recession risk, what's an appropriate valuation for the S&P 500? What's the downside risk from here?
The full post can be found here.
How to estimate S&P 500 downside risk
September 26, 2022 at 15:09 PM EDT