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The S&P 500 has set seven all-time record highs in a row - the longest streak since 1997. Last Friday also brought new highs to the once-struggling NASDAQ and Dow Industrials.
For companies in the S&P 500, analysts now expect second-quarter profits to come in 64% better than those in the second quarter of 2020, which was admittedly badly handicapped by the COVID lockdown.
A very strong second quarter is going against the weakest single quarter since the Great Depression due to our sudden national lockdown.