Tag: Sam Stovall
CFRA sage likens investors to an ‘irresponsible teenager’ borrowing against dubious future allowances.
His 13.4% yearly corporate profit increase, admittedly over just three years, is bested only by Obama’s 26% over eight, CFRA’s Stovall finds.
Contrast the current situation with year-end 2018’s lousy showing.
Historically, the S&P 500 has been flat when federal functions grind to a halt, and the index is up 7.5% since the latest closure.
While Wall Street proclaimed a new record on Wednesday, another view holds that the celebration must wait until 2021.
Seldom are the 2nd and 3rd quarters good for stocks. But their performance thus far is OK.