does the sp500 have 15% upside vs 27% + downside now given risks

٥ أغسطس ٢٠٢٢

Now that possible recession is on the table, Is the upside limited and possible less then the downside risk? Sp500 on average trades near 15pe and we currently above that near 20-21 pe, with rising rates and inflation risks. $SPY $SPX