Currently, the S&P500 is trading at $1,400.18.
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If you multiply Q2 earnings (over 84% of S&P 500 corporations have reported), by four to get an annual estimate, then the result is a new all time high for inflation adjusted S&P500 earnings.
"Historical Chart of Inflation Adjusted Earnings of S&P500 Index"
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At the current level of 1,400, the S&P500 is still 10.5% below its all time high of 1,565.
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