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Formerly TwitterLiz Ann Sonders
LizAnnSonders
S&P 500 had best week since early Nov 2023, +2.7% after 3 weeks of losses, as corporate earnings generally surprised to upside; Dividend Aristocrats was only S&P 500-related strategy to close week in red, -0.1%, while Tech took home trophy, +5.1%
@SPDJIndices pic.twitter.com/rZBdI2x2Fp
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Mohamed A. El-Erian
elerianm
This week’s #markets were supposed to be mainly about earnings, with macro taking more of a back seat ahead of next week’s US #jobs data, the #FederalReserve meeting, #China’s PMI, etc (more on this in the weekly look ahead that I will post later).
Earnings did have a notable… pic.twitter.com/8lYAakVct5
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Ryan Detrick, CMT
RyanDetrick
S&P 500 earnings in '24 are expected to be up 10.3% and another 13.9% next year.
Yes, forward estimates can change, but they can also change to the upside.
We continue to think this is too low, as the recovery will continue to broaden out. pic.twitter.com/6Qo9SAI70u
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Ryan Detrick, CMT
RyanDetrick
Since 2000, the second half of April tends to be much better than the first half for the S&P 500.
A few more days next week, but stocks are trying to rhyme here. pic.twitter.com/OKolkrCsPy
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