The forward P/E ratio of the S&P 500 is approaching levels seen during significant peaks
The forward P/E ratio for the $S&P 500(.SPX)$ index is the current price of the index divided by the estimated earnings per share for the next 12 months. It is used to assess the valuation of the S&P 500 index based on anticipated earnings.
Currently, the forward P/E ratio of the S&P 500 is approaching levels seen during significant peaks.
Not the case for the equal weighted index though.
Something to be mindful about.
Again: Approaching.
$SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ $E-mini S&P 500 - main 2409(ESmain)$ $E-mini Nasdaq 100 - main 2409(NQmain)$
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https://x.com/SmartReversals/status/1807896941579456751
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