Return to site

S&P 500 (SPY) Update 1/22/17

To add color on where the S&P 500 ("SPY") could be headed - please see the chart below. The SPY has been trading in an extremely tight range for almost two months. When charts consolidate in this manor, its the equivalent of a tightly wound rubber band ready to snap. In our monthly update I noted a -10% decline wouldn't be a surprise. If there is a decline, this would present a buying opportunity as P/E multiples would decline 15% if the Trump tax cuts take form in 2017.  

All Posts

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!

OKSubscriptions powered by Strikingly