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Posted by
Two Blokes Jun 12 -
Filed in
General
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#TwoBlokesTrading
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SPY rebounded over 20% from the lows, fueled by easing trade tensions, solid economic data, demand pulled forward 1Q earnings, robust AI demand, and momentum chasing (including short coverings). The S&P 500 is trading at 22.6x P/E for CY2025, up from 18.3x in April, near the high end of its range and above the 5-year average of 20x.
