S&P 500 IndexShort
Downside for S&P 500 is 2600 level
I'm assuming earnings for 2019 were about $165 for the S&P 500 index (based roughly on consensus estimates). If growth in earnings manages 5% for 2020 that implies earnings of 173 and at 15X (normal P/E) the index should fall to about 2600.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.