“Growth trio” of Tech, Comm Serv, & Cons Discr did well today; Financials sector stronger, too, and now in fourth place YTD … small caps had a nice bounce, led by Russell 2000 Growth, which is outperforming Russell 2000 Value by 3.4% YTD (but lagging by 0.2% MTD) pic.twitter.com/cWia8sFbKv

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…

Here are 3 reasons to expect this bull market to continue and the economy to surprise to the upside. 1️⃣S&P 500 forward 12-mo EPS started yr at $245, but is now up to $254. 2️⃣Profit margins continue to move higher, surprising all the calls for pressure here. 3️⃣ Record CAPEX pic.twitter.com/N1x4VtJGlP

They tell us that earnings estimates tend to drop, but that hasn't happened in '24 so far. S&P 500 earnings still expected to be up an impressive 10.8% in '24. We continue to think that is a tad light, as a stronger economy in H2 should see even better numbers. pic.twitter.com/9UPkzGRjZC