S&P 500 Resilience Amid Pullbacks
Most strategists believe that a huge collapse in the stock market is unlikely and expect stocks to rise this year due to strong economic growth.
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
"None of those concerns, however, has broken the earnings trend. Margins remain near record levels, profits continue to climb and management teams generally have not lowered their forecasts."
"Despite that, the U.S. stock market remains strong, supported by powerful corporate profits over the past three months."
"Valuation & Sentiment: He observes that stocks are cheaper than late 2025 and investor sentiment remains lackluster. This combination presents 'exactly the profile of a bull market with room to run.'"
"The stock market saw support after today’s US March PPI report of +0.5% m/m and +4.0% y/y, which was weaker than market expectations."
""The improvement we’ve been seeing in US GDP forecasts makes us doubt that we’ll see a pullback beyond 10%.""
"Wall Street has been ebullient about hopes that both a slew of rate cuts and a resilient economy in 2024 will be good for stock prices."
"Wall Street has been ebullient about hopes that both a slew of rate cuts and a resilient economy in 2024 will be good for stock prices."
"Wall Street has been ebullient about hopes that both a slew of rate cuts and a resilient economy in 2024 will be good for stock prices."
""Goldman Sachs has updated its 'Rule of 10' screen to not only identify those stocks posting faster-than-average sales growth, but net income too.""
""They just don't want to go down... I'd chalk this up as another reason to remain bullish in 2023.""