May ⁦@SPGlobal⁩ U.S. Manufacturing PMI up to 50.9 vs. 50 est. & 49.9 prior; Services up to 54.8 vs. 51.2 est. & 51.3 prior; Composite up to 54.4 vs. 51.2 est. & 51.3 prior … services clearly led upturn, reporting largest output rise for a year; rate of job losses moderated pic.twitter.com/yCvxHoQeWP

Since S&P 500’s October 2022 low, forward P/E (blue) is up 37.1% while forward EPS (orange) are up 8.4% pic.twitter.com/pvRQuC7zjA

“I haven’t the faintest idea as to whether stocks will be higher or lower a month or a year from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins,… pic.twitter.com/KWdYdEdagf

S&P 500 is up 11.6% in the first 98 trading days of 2024, the 19th best start to a year going back to 1928. $SPX bilello.blog/newsletter pic.twitter.com/oTDcFsadsa