The booming economy will be a tailwind for corporate revenue while much of the pandemic-era cost cutting remains in place, boosting profit margins. In fact, the S&P 500 components’ forward net profit margins stand at a record-high 12.8%, according to Yardeni...
Since the start of April, 87% of reporting companies have topped EPS forecasts, 75% have exceeded sales forecasts, 16% have raised guidance, and just 2% have lowered forecasts. Overall, S&P 500 earnings growth is currently on pace to total 44% in the first...
Broad participation in the stock market is indicative of a healthy bull market. Currently all eleven sectors are comfortably above their 50-day moving average which is a sign of healthy breadth across the market spectrum. Also, even though every sector is above its...
The pandemic closed casino doors and opened up a much more addictive and accessible form of gambling: online day trading. It is the new drug of choice for generations Y and Z. With zero commissions and easy access to leverage, those young adults are at risk of...
Throughout the broad uptrend off the March 2020 lows, we have seen different sectors take on leadership roles at various points in time. The broader the base of advancing stocks, the healthier the market. It is not just FANG+ leading the charge. Value stocks have...
Last year’s zeal for risky investments was epitomized by the run-up in cryptocurrencies. For example, bitcoin quadrupled in value. The surge in bitcoin was driven by individual and institutional investors alike, many wading into the market for the first time. Over...
