Indices 13/06, page-48

Not a day to be selling - invert chart and not a day to be buying. There are already many single digit p/e double digit yields and earnings estimates have been revised upwards for 2nd half of year. Still expecting 4-7% earnings growth in 2nd qtr - mostly driven by energy and materials granted but real estate and tech will still print big numbers minus amazon and alphabet. Just need to keep a cool head and not get caught up in the emotion

Heres a snipet from a report I recieve.

Earnings: S&P 500 Expected to Report Earnings Growth of 10% for CY 2022
For the second quarter, S&P 500 companies are expected to report earnings growth of 4.0% and revenue growth of 9.9%.
For Q3 2022, analysts are projecting earnings growth of 10.6% and revenue growth of 9.4%.
For Q4 2022, analysts are projecting earnings growth of 10.1% and revenue growth of 7.2%.
For CY 2022, analysts are projecting earnings growth of 10.4% and revenue growth of 10.5%

In other words forward p/e is currently hitting the 15 handle which is below the 25 year average.