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The downside risk is 24% based on earnings multiples right now from current levels. That’s 5% more risk than a week ago but 31% less risk than the highs reached last year.
The downside risk is 19% based on earnings multiples right now from current levels. That’s 2% less risk than a week ago and 36% less risk than the highs reached last year. The fundamental value for stocks is currently the best since early 2015.