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SPUU - S&P 500 Earnings: First Sequential Improvement In Fwd 4-Qtr Estimate Since January '20
Direxion Daily S&P 500 Bull 2X Shares
The "forward 4-quarter" S&P 500 estimate this week came in at $128.45 versus $128.32 from last week for the first sequential improvement in the "forward 4-quarter estimate" since the week of January 17, 2020.
The forward 4-quarter estimate covers the period from Q2 '20 through Q1 '21,
Here's the last five weeks' expected Q1 '21 S&P 500 y/y EPS growth rates:
6/12/20: +11.6%
6/5/20: +11.4%
5/29/20: +12.1%
5/22/20: +12.0%
5/15/20: +11.9%
What's a little more interesting is that Consumer Discretionary - roughly 10% of the S&P 500 - has seen its expected growth