SPX: Bear Market Is A Long Way From Over

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Bear walking with declining finance chart


Rallies in the SPX continue to fade and the trend remains firmly to the downside. The failed upside break we saw last month in response to the lower than expected CPI print has given way to renewed weakness. Valuations remain


SPX Price Trend (Bloomberg)


SPX: PE, PS, PB, EV/EBITDA (Bloomberg)