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
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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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