Simply stated, this is how I view the S&P (specifically, the ES) for the past seven months: stuck in a gently ascending channel. Our present position, I believe, makes it more likely we push lower (by as much as 55 points) than higher. Recent history certainly suggests this as the next step, and roaring interest rates play into that narrative quite well.
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The Complete List Of Wilshire 5000 Stocks
Future Market Returns = Dividend Yield + Earnings Growth +/- Change In P/E Ratio
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