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The first half of the year ended appropriately enough with a thud. In what proved to be the worst first six months in a year for the stock market since Raindrops Keep Fallin’ on My Head was the number one song in the country.
The downside risk is 19% based on earnings multiples right now from current levels. That’s 5% more risk than a week ago but 36% less risk than the highs reached last year.
The downside risk is 14% based on earnings multiples right now from current levels. That’s 5% less risk than a week ago and 41% less risk than the highs reached last year.
After the previous week’s positivity for stocks, which broke a seven to eight week losing streak depending upon the index you look at, the selling resumed last week. With Friday’s selloff stocks averaged 1% declines across the board.
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.