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S&P 500 heads for record as earnings reports signal a recession is nowhere near

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'Of the S&P 500 companies that have reported over the last month, just 32 mention recession on their calls,' says Nick Mazing of Sentieo.

The S&P 500 is poised to hit a record high on Monday, up more than 20% year to date and completing a rebound from an August sell-off.

And that — along with hopes for a trade deal breakthrough — is the major reason the S&P 500 is knocking on the door of a record high.Bank CEOs optimistic on consumer Kurt Barton, CFO of Tractor Supply: "[W]e're not seeing any indications at this point of any slowdown..."

 

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But Trumps Recession?

A LOT of stocks tanked this earnings season with flat and negative revenue growth ?

Q1 GDP 3.1% Q2 GDP 2.0 % Q3 GDP forecasted at 1.5% By definition a recession is 2 or more quarters of negative GDP growth. We are not there yet but certainly moving in that direction

And then there is reality...

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