I know the entire market is basically a meme stock now, but looking out 6+ months, economic fundamentals will still dictate direction.
In a future with low / no growth, EPS inevitably goes down as companies continue to print shares for any number of reasons. If EPS goes down, then surely the price goes down too, right?
I don't imagine there's appetite to see P/E actually go up considering we're at all-time-high valuations.