2024-03-28 20:00:00 ET
Summary
- A reader asked last week what was driving the S&P 500 earnings growth. The fact is the biggest market cap stocks, some of which have the larger earnings weights, are pushing the market higher.
- It’s a healthy economy, as evidenced by Q4 ’23’s Real GDP growth rate printed 3.4% Thursday morning 3/28.
- Inflation is “disinflating” so to speak, although it’s been a lumpy path to the Fed’s ultimate goal of 2%.
A reader asked last week what was driving the S&P 500 earnings growth, and while you could write a book about it, the fact is, the biggest market cap stocks, some of which have the larger earnings weights, are pushing the market higher....
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For further details see:
S&P 500 Earnings: Market Cap Weight Vs. Earnings Weight Updated