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Is the US Stock Market Sell-Off Temporary or Here to Stay?

Paige Tanner
Is the US Stock Market Sell-Off Temporary or Here to Stay?

In the previous part of this series, we saw that some analysts believe that US wage growth statistics created inflation concerns, causing panic among investors. FactSet stated that the high price of the S&P 500 Index (SPX-INDEX) made the stock market vulnerable to a downside. The index price peaked at 18.5x for its 12-month forward earnings in January 2018, which is the highest since 2002.