This chart shows the fundamental reason why stocks are back at all-time highs

div > div.group > p:first-child"> The worst may be be over when it comes to pessimistic earnings estimates. And that's giving the markets some newfound confidence.

According to RBC, January"remains the low point for growth" and consensus EPS growth is expected to rebound into positive territory this current quarter with more acceleration into 2020. Lori Calvasina, RBC head of U.S. equity strategy, said based on revised estimates in recent weeks it's looking like"an earnings recession will be avoided."

Companies had reasons for a glum view heading into January. Stocks had posted their worst December since the Great Depression, and traders had partially blamed actions by the Federal Reserve. The ongoing U.S.-China trade war and weakening global economic growth helping up the U.S. dollar had also threatened to crimp profits for multinational companies.

Fundamental? Really?

I don't see a bag holder anywhere on the graph. Did I miss it?

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stock-market euphoria may be nearing a dangerous level, says RBC strategistOur call of the day, from RBC Capital Market’s head of U.S. equity strategy, Lori Calvasina says there may be a little too much euphoria around the S&P... Dangerous for 2020 Dems.
Source: MarketWatch - 🏆 3. / 97 Read more »

A ‘tired’ stock market is a reason for caution, says chart watcherDo stock-market bulls need a timeout? One chart watcher argues that the rally that’s seen the S&P 500 roar back from the verge of a bear market to the...
Source: MarketWatch - 🏆 3. / 97 Read more »

Staples stocks are at 52-week highs, but there's still time to buy, experts sayProcter & Gamble, Coca-Cola and PepsiCo are just some of the consumer staples giants set to report earnings this week, and experts say the group's still worth considering.
Source: CNBC - 🏆 12. / 72 Read more »

‘I did not expect us to be at all-time highs by April’, says Morgan Stanley’s Wilson as stock market popsStocks in 2019 have thus far befuddled Michael Wilson, with the S&P 500 and Nasdaq Composite breaking out above their closing records in Tuesday trade. No one did expect maybe Tom Lee
Source: MarketWatch - 🏆 3. / 97 Read more »