VOO: S&P 500 Hits 22x Earnings, Bullish Election Seasonality Pulled Forward
- The S&P 500 surged nearly 4% post-election, driven by bullish seasonality and dovish Fed signals, hitting new highs and boosting investor confidence.
- Despite strong gains, VOO's high valuation and lower EPS estimates for next year suggest a cautious hold rating amid potential consolidation.
- Positive fundamentals include robust Q4 GDP growth and potential corporate tax cuts, but risks like mass deportations and tariffs loom.
- Upcoming economic data and earnings reports will be crucial for market direction, with a high chance of another Fed rate cut in December.
Matteo Colombo
The market breathed a sigh of relief following a quick and decisive election outcome last week. The S&P 500 surged with added strength among small-cap stocks on the Wednesday after voters headed to the polls. The next day, Fed Chair
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