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Now that we’ve seen 8 up days in a row for SPX, what could be next? The MoneyShow Chart of the Day shows what happened historically after rallies of this length and magnitude for the S&P 500
The S&P 500 is now trading at 21x the projected earnings growth rate of 9% in 2025. That is an extremely rich multiple on a very optimistic earnings growth rate.
A US stock market sell-off extended to a third consecutive month in April, though the major equity indexes pared back their March declines.
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