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That link doesn't say anything like that, what are you taking about. It even mentions that sizable number of companies have negative guidance.
by Guthur 2y ago
That link doesn't say anything like that, what are you taking about. It even mentions that sizable number of companies have negative guidance.
- thinkharderdev 2y agoDirectly from the linked article: "On average, first quarter 2024 earnings results were solid. Four sectors — Communication Services, Utilities, Consumer Discretionary and Information Technology — generated the strongest earnings growth for the quarter" But that was just a link I came across quickly. You can look at almost any economic statistics you want and see that the economy (at least in the US, you mentioned the S&P 500 so I assume you are US-based) is quite strong right now.
- jpc0 2y agoAverage != Median and that is what the commenter above mentioned. The S&P500 and others don't remove the outliers going to the moon which is good for investors but as a data metric would make for a pretty large deviation.