- Recovery comes after one of the largest sell-offs
- S&P 500 index forward price/earnings ratio now 16.3x, near historical average
- China P/Es at just 11x, showing potential for appreciation and an opportunity
In addition to the factors mentioned above, hopes that progress in the Sino-US negotiations could lead to a trade deal have provided markets with a crucial leg-up. Our chart of the week shows that the market recovery over the last month or so was actually the third-best over the last 45 years.
Significant S&P 500 sell-offs and rebounds
(year in legend is for market low)
For more posts by Daniel Morris, click here > For more charts of the week, click here >
