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Starting in January of this year, I started to write about the earnings expectations that are priced into the S&P 500 or the more commonly traded SPDR S&P 500 Trust (SPY) ETF.
I started in January by writing a research note, which you can find by clicking here, suggesting that over the next 12 months, the companies inside SPY would not be able to match the current EPS estimates. I was not making a call for a market crash or an immediate decline but rather