Investors: Pricing in too much of a recovery? Price has moved well ahead of earnings.
Investors: Pricing in too much of a recovery? Price has moved well ahead of earnings. Here, the drawdown & subsequent recovery in the #SPX price index against the drawdown in various earnings estimates, including fiscal yrs 2020, ‘21 & ‘22 & the next 12 mos, with Bloomberg data. pic.twitter.com/cVEpjWW4tS — Jurrien Timmer (@TimmerFidelity) May 11, … Read more