The S&P500 future is up 26.9% from its December lows.
Earnings forecasts are down by ~6%.Who needs earnings when you've got #greenshoots? (& #Fed?) $SPY 😜💰🔥 pic.twitter.com/IeIie0V1Fe
— Martin Enlund ⚡️🦆🚁 (@enlundm) April 24, 2019
While the S&P 500's valuation has returned to its level at last year's high, the earnings outlook has yet to follow suit. See my Chart of the Day. https://t.co/cAc9EWFvP5 pic.twitter.com/yOhMmKTECW
— Dave Wilson's Archive: Chart & Stock of the Day+ (@TheOneDave) April 23, 2019
meanwhile, soxx aths pricing in massive 2h rebound pic.twitter.com/y2Z0TAFK9r
— Alastair (@StockBoardAsset) April 23, 2019
$TXN guided for -10% revenue decline at midpoint with no indication from mgmt there’s a turnaround brewing even though sell side kept asking that question. Margins have peeked as cycle decline getting worse & capacity taken offline. pic.twitter.com/2bw2X3Gf3o
— Greg (@GS_CapSF) April 23, 2019
YTD top 5 stocks ( $AAPL, $AMZN, $MSFT, $FB, $GOOGL) have made up 24%+ of the $SPX's gain.
Historically when the top 5 are greater than 24% of total YTD attribution, end of year returns avg 0.42%
When top 5 is less than 24%, avg yearly return = 17.4%. $SPX +17.7% YTD
— Teddy Vallee (@TeddyVallee) April 23, 2019
https://twitter.com/PuffDragon11/status/1121063064894345216
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