How low can stocks go? Updated risks and values – June 23rd

Published: June 23, 2020, 9:14 a.m.

The downside risk is 29% based on earnings multiples right now from current levels. That's 1% more risk compared with a week ago though 6% percent lower than a year ago at this time, however fundamentals on trailing earnings will deteriorate. The market is priced as though earnings will only drop by about 6% this year.