The steam has run out having likely topped August 16th at SPX 4325 | Alpha Insights
- The bear market rally has run out of steam. SPX valuations at 18x and EPS estimates of $420 are too high and unwarranted.
- The market will sell off, but how hard and how far. We stand by SPX 2250.
- Top picks: Long ED, Short HZNP
Mehdi Sunderji, Director, OETV
Jeffery Huge, Founder, Alpha Insights