“I own my home and I have no debt.”
With profit margins now twice their historical average, big U.S. stocks are priced for perfection.
The last big week of earnings is here, and investors have good reason to be hopeful that the results will continue to power the stock market to record highs.
Three Big Tech companies have had an outsize impact on first-quarter profit performance.
Strong tech earnings helped propel stocks higher on Friday.
The S&P 500 closed April at a fresh record high, capping its strongest monthly performance in over three years, as investors weighed escalating geopolitical tensions in the Middle East against robust corporate earnings and signs of continued economic resilience in the United States. The benchmark index rose 1% on Thursday, taking its gains for the month to more than 10% its best showing since November 2020.
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Greed” zone on Thursday.
The S&P 500 Index SPX+0.91% continues to make all-time highs. The benchmark finds near-term support at about 7,120, with perhaps a bit stronger support at 7,050 (last week's lows) and finally at 7,000.
“I do better than many citizens because I've contributed at the highest level.”
US stock market holds steady as S&P 500 and Nasdaq await Fed decision and Big Tech earnings, with oil prices adding pressure to inflation outlook.
In this 3EDGE Week in Review video, “Are Animal Spirits Looking Past the Iran Conflict?” Chief Investment Strategist Fritz Folts and CEO/CIO Steve Cucchiaro discuss what's behind the recent rally in U.S. equities, which began in late March and has propelled both the S&P 500 and the NASDAQ to new record highs.
Jones is concerned about excess leverage in the system, about the S&P valuations and a deluge of equity supply but he does sense an opportunity in Japan