Did the market touch the ceiling? Forecast for S&P 500 as of 01.08.2023

Fundamentally, the S&P 500 is overpriced regarding P/E, forecasts for corporate profits, and stock vs. bond yields. Will the price retrace? Let’s discuss it and make a trading plan.

Weekly fundamental forecast for S&P 500

If the market doesn't move in the expected direction, it will likely go in the opposite direction. It seemed nothing could bother the S&P 500 bulls. The broad stock index has closed in the green area for five months in a row, the longest winning strike since 2021. It has grown 19% since the beginning of the year as the US economy remains stable, and… Read full author’s opinion and review in blog of #LiteFinance