S&P 500: Positive Outlook, I’m Modifying My Hedge (NYSEARCA:SPY)
imagedepotpro Dear readers, Last time I wrote an article on the S&P 500 (NYSEARCA:SPY), the index stood at 5,150 points. My view on the index had been short-term positive since November, mainly due to momentum, but because of a relatively expensive valuation at a forward P/E of nearly 21x, I remained medium to long-term bearish….