Strong recent returns ARE a combination of earnings growth (expected to remain robust in the next few quarters as shown in Exhibit 2) and investors’ willingness to pay more for each dollar of those earnings (likely helped by Fed policies and lack of attractive alternatives).
Archives for September 2021
What’s Driving The Market This Year?
S&P 500 index is up 19% so far this year, here I dig into the data on what’s driving it and what’s going on under the surface of the index.