The S&P 500 has soared 12% since October, and the rally is largely driven by expectations for a rapid rebound in earnings growth and the global economy.
The S&P 500 has soared 12% since the beginning of October. Not only does the rally defy many tried-and-true economic indicators, it also ignores the ongoing profits slump, leading many Wall Street strategists to urge caution. S&P 500 earnings are expected to drop by 0.3% in the fourth quarter of 2019, marking the first back-to-back quarterly decline since 2016, according to Refinitiv. Analysts project much higher earnings growth in 2020, a 6% increase in the first quarter.
Meanwhile, a century-old classic tool known as Dow Theory has yet to confirm the rally is for real. The
Leading up to the biggest financial collapse in U.S history.
who cares? jimcramer
DNC to CNBC: Rain on this parade, damn it!
Trump 2020!
Not hardly, I watch & own hundreds of stocks and except for a handful (that make up majority of Dow s&p nasd etc) most really aren’t up this year or last, most are even down, it’s an illusion, it’s also nothing more than a computerized organized crime ring.
Think CNBC is detached from reality, you clowns you hate the country and the belief in US market and hard-working people
do yourself a favor and watch !
They have been 'detached' for several years now...
Didn't stocks plunge upon seeing President Obama in that tan suit? I cannot believe this stock market, is it possible that it is being artificially propped up?
What goes up 🤷♂️
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