Obviously, one way for stocks to appreciate is for companies to see earnings climb. That’s why investors generally, though not always, cheer good economic news and profit announcements.
So far, 2019 has been one of those years. The consensus is calling for a 2.6% decline in second-quarter earnings per share by Russell 1000 RUI, +0.08% components. Heading into Friday trading, the S&P 500 index SPX, +0.02% has jumped 19%, the Dow Jones Industrial Average DJIA, +0.26% has gained 17% and the Nasdaq Composite Index COMP, +0.06% has climbed 24%.
The market is entirely convinced the Fed will cut rates at its July 31-ending meeting, though there’s debate whether the size of the cut will be a quarter-point or a half point.
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Nice scatter! The big takeaway though, is that the market goes up much more than it ever goes down. Man 2008 was a generational opportunity though...
Truth: the stock market will go down when there is a perception that renters and debtors can't pay.
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