Monday, 30 January 2017
The Trump Crash (S&P 500)
S&P 500 to crash from 2277 to 1600, or even 1300?
It may seem unbelievable, but this would be a drop in P/E from the excessively high level of 25.5 down to its median level of 14.65.
Trump's economic policy, negative on trade, is likely to see a contraction in GDP rather than a rise.
Tomorrow is the first of February, so we can expect to see prices falling now that we are out of January.