Yahoo Finance: “A critical driver of bull markets has stalled” - DataTrek Research
30 Mar
Facebook Twitter Google Linkedin Pinterest

Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.


By clicking submit, you agree that you have read and understand our Terms of Service, Subscription Agreement, and Privacy Policy, and hereby agree to be bound by them.

Yahoo Finance: “A critical driver of bull markets has stalled”

By admin_45 in IN THE NEWS Yahoo Finance: “A critical driver of bull markets has stalled”

Excerpt from Yahoo Finance quoting DataTrek's Nick Colas:

.... "With US equity multiples as high as they are (21.6x forward 12-month earnings) you do not want to see Wall Street analysts cutting their estimates, but that’s exactly what happened last week," DataTrek Research co-founder Nicholas Colas observed in an email on Monday.

Colas shared the chart below from FactSet, which shows analysts' forecasts for 2021 and 2022 S&P 500 earnings.

"You can see the dramatic estimate cuts from the Pandemic Recession (March – July 2020), then all the upward revisions thereafter," he wrote. "You can even see where Tesla went into the 500 (that December dip). For stock market investors, a critical metric to watch is expectations for future earnings"....

Read the full article here on Yahoo Finance!

Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.


By clicking submit, you agree that you have read and understand our Terms of Service, Subscription Agreement, and Privacy Policy, and hereby agree to be bound by them.