Something Is About To Snap
Thus far, Q-4 corporate earnings have been, more or less, ordinary or as expected. And while the S&P earnings have declined 18% over the last two yeas, the index has surged. With P/E expansion, the S&P is now arguably selling at the second highest level in history. All while VIX is approaching record lows.
So, there are only two possible outcomes here. Either earnings surge higher -OR- the stock market will snap back to its proper valuation levels.
Who will win this tug of war? You decide.
If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here.