The Chinese leaders are trying hard to stop the market bleeding. After watching major indices fall 30% just in 2024, Xi jinping himself has stepped in to appoint new leaders for market supervision and provide solutions to the selling frenzy.
"At a forward P/E of 28.3 currently, the MegaCap-8 aren't cheap, but they are cheaper than during the pandemic. With and without them, the S&P 500 forward earnings is 20.1 and 17.7."
"Earnings revision trends improved across the board over this past month but revision ratios are still below 1.0 (more cuts than raises to estimates) in all three size segments (and weakest in small caps)."
