SPX: Bear Market Is A Long Way From Over

This post was originally published on this site

Bear walking with declining finance chart

CreativaImages

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

Chart

SPX Price Trend (Bloomberg)

Chart

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