Wall Street ends higher for third straight session fueled by rate cut optimism. 📈 #StockMarket #WallStreet #RateCut www.zeebiz.com/markets/global-markets/news-us-stock-market-wall-street-closes-higher-for-third-session-on-rate-cut-optimism-288441

YARDENI: “.. Earnings Are Blooming .. the Fed Put is back. With it comes increased risk of a stock market meltup. .. S&P 500 forward earnings are well correlated with actual earnings ..” - @yardeni pic.twitter.com/ml0LpM5DZd

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…

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