So far, S&P 500’s selloff since late March has been all multiple contraction (forward P/E, blue) as forward EPS (orange) have moved higher pic.twitter.com/su7aJ9rg5q
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Ryan Detrick, CMT
RyanDetrick
Down less than half a percent today for the S&P 500.
Given where it opened, this was a nice change from what we were seeing a week ago.
Back then, the selling would get heavy as the day wore on.
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Ryan Detrick, CMT
RyanDetrick
79 stocks in the S&P 500 made a new 10 day high, most in two weeks.
33 made a new monthly high, again, most in two weeks.