CFRA: ".. with the S&P 500 closing back above its 50-day moving average, many wonder if the 22 calendar-day, 5.5% pullback from March 28 through April 19 has run its course. If so, history suggests a 6% gain above the prior high before slipping into another decline of 5% or…
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Ryan Detrick, CMT
RyanDetrick
Stocks are a bubble and all the gains are multiple expansion is something we've heard a lot.
Last year, yes, it was all about multiple expansion.
But zoom out. Since 2020, the S&P 500 is up 70%, with 50% coming from earnings and 9% from divs. That tells a much different story. pic.twitter.com/1LB98e8PPY
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US Markets At Open | S&P 500, Nasdaq 100 open flat; these are the other highlights👇
@Nasdaq #Disney #Peloton #Palantir pic.twitter.com/ZE5H1cWQxI