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Stocks aren’t necessarily an indicator of economic strength. The S&P 500 is in an earnings recession right now, but continues trading at all-time highs. The mar
by take_a_breath 7y ago
Stocks aren’t necessarily an indicator of economic strength. The S&P 500 is in an earnings recession right now, but continues trading at all-time highs. The market can stay irrational longer than you can stay liquid.
- tryptophan 7y agoThis is not true. Sp500 earning are near ATH. https://www.multpl.com/s-p-500-earnings https://www.multpl.com/s-p-500-earnings
- take_a_breath 7y agoYour chart is earnings per share, it’s also from June. That has increased because of all the stock buybacks following the new tax law. Total earnings are down. MarketWatch - https://www.marketwatch.com/story/the-sp-500-is-in-its-first-earnings-recession-in-three-years-2019-09-18 https://www.marketwatch.com/story/the-sp-500-is-in-its-first... CNBC - https://www.google.com/amp/s/www.cnbc.com/amp/2019/06/24/analysts-now-expect-the-earnings-recession-to-last-through-the-third-quarter.html https://www.google.com/amp/s/www.cnbc.com/amp/2019/06/24/ana...