Stocks Are Discounting A Big Rebound In Earnings That May Not Materialize
by jessefelder Stocks had a big rebound in 2019 out of the fourth quarter selloff of the prior year. This occurred even though earnings growth for the S&P 500 flatlined and even turned sequentially negative late in 2019 leading many to ask if the recent rally is sustainable. It’s true that stock prices don’t discount … Read more