One Option Trading Blog https://ift.tt/3iSEx8D Posted 9:30 AM ET - In the last three days the S&P 500 has rallied 120 points. Under-allocated Asset Managers are playing catch up and they don't want to miss a year-end rally. Bond yields are not keeping pace with inflation (negative real returns) making equities attractive on a relative basis. Earnings season typically attracts buyers and banks are reporting this week. All of the dark clouds are currently being ignored and momentum is fueling this rally. The S&P 500 is trading at a current P/E of 23 and that is rich by historical standards. Profits in Q3 are expected to …
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