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To: Jacob Snyder who wrote (107)12/18/2022 1:35:20 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 123
 
Since May 2022, SPX forward earnings estimates have declined by 15%. Now at $205; forward PE 21.



Historically, when the Fed starts cutting interest rates, that is the beginning (not the trough) of the bear market:



SPX guesses for 2023: 2400-3100 range looks likely:


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