The trailing 12-month P/E ratio for
SPX
of 20.6 is below the 5-year average
(22.4) and below the 10-year average
(20.8).
earnings |
00:01 -
31/10/23 |
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It's been a great year for the 50 largest stocks in the S&P
500, which are still up 20% YTD even after the recent
correction. But the performance of the average stock paints
a very different picture with the S&P 500 equal weight down
4% YTD and small caps down 6%. |
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The S&P 500 is now down 10% from its closing high at the end
of July, the largest drawdown of the year. |
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The Fed's balance sheet is now over $1.05 trillion lower
than its peak in April 2022 |
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The average price of a used Tesla is now $28k lower than the
peak price in July 2022, a 41% decline |
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