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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.
The fundamental value for stocks is currently the best in four years.
A lot of people with a lot of money are suddenly very concerned about the near-term prospects for the economy.
The downside risk is 35% based on earnings multiples right now from current levels. That’s one percent less risk than a week ago and 20% less risk than the highs reached last year. The combination of improved earnings and lower stock prices is leading to a better value proposition for investors.
What last week lacked in terms of trading days – it made up for in action. What a week it turned out to be in the financial markets! In the end stocks were flat to higher but the getting there was anything flat.