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And it's gone

Never forget: all roads lead to (much) lower earnings

Just give all your money to Mike Wilson to manage....Maybe his "SPX could be facing 15-20% downside to earnings in 2023" actually will be "traded" now.

Source: Morgan Stanley
Source: TS Lombard
Source: Refinitiv
Source: Refinitiv
Source: Refinitiv
Source: Refinitiv
Source: Refinitiv
Source: Refinitiv
Source: Refinitiv
Source: Goldman
Source: Refinitiv
Source: Refinitiv