FTDS - S&P 500 Earnings: So Far The Pattern Is Typical But Mega-Cap Earnings This Week Loom Large
2024-04-22 19:20:00 ET
Summary
- So far, as of April 19, ’24, the typical earnings pattern(s), looked for each quarter as the big guns prepare to report, are showing no signs of anything amiss in terms of what could be considered a normal earnings quarter.
- However, that doesn’t mean the stocks will trade higher. The hallmark of any bull or bear market is really “P/E expansion” and “P/E contraction”.
- The fact is, S&P 500 earnings could be fine, and if the mega-caps struggle, the S&P 500 will struggle.
Originally published on April 20, 2024
In this “Market Cap vs Earnings Weight” post from March 28th, ’24, the dynamic between the two “weights” was discussed for readers....
S&P 500 Earnings: So Far, The Pattern Is Typical, But Mega-Cap Earnings This Week Loom Large