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Valuation and fundamentals

January 28, 2017 Jonathan Ravel

SPX forward P/E reported by Thomson Reuters 17.17, down a bit from last week which is bullish considering the price jump. The 10MA of earnings continues estimates continues to climb, from 131.59 to 131.86.

10MA of 18x = 2405
10MA of 19x = 2539

Or 3.5% to 9.2% upside from here.

*

Citigroup Economic Surprise Index is doing very well, near the highs of the last few years. 

 

Tags valuation, fundamentals
← USA main indexesVIX and XIV →

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