SPSM - Takeaways From First-Quarter Earnings
U.S. stock indexes have rallied to new highs in recent weeks. The S&P 500 is up roughly 25% since its December low, fueled partly by encouraging first-quarter earnings results. What does this mean for our view of U.S. equities? We still favor them, as cost-cutting and efficiency gains help moderate the earnings slowdown.
Chart of the week
Analyst research reports including key phrases, 2004-2019
Sources: BlackRock Investment Institute, with data from Thomson Reuters, May 2019. Notes: The lines show the share of analyst research reports that mention a specific phrase within the Thomson Reuters global