A massive financial milestone as the S&P 500 crossed the 7800 threshold for the first time in history.
The benchmark index rocketed to an intraday all time high of 7816.70 and locked in it's 27th record close of the year at 7798.99. Driven by a powerful combination of cooling inflation data and an expected AI corporate earning boom, the index achieved Wall Street's "blue sky" targets month ahead of schedule.
✍🏼The One-two Dovish Inflation Punch:
July macroeconomics points completely crushed fears of near term Federal Reserve interest rates hike.
The Consumer Price Index arrived at a soft +0.1% month-over-month, while the Producer Price Index remained completely flat.
✍🏼Profits Outrunning Prices:
Second quarter corporate earning surged by an astonishing 31% year-after-year.
This represents the strongest non recession recovery earning expansion seen since 1992.
✍🏼Stocks Got "Cheeper" while Rising:
Because earnings grew faster than stock price, the forward price-to earnings (P/E) multiple for the S&P 500 actually compressed from ~26x in January down to ~22x during the breakout.
$BNB
$BTC
$SOL
#SP500TopsRecord7800
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The benchmark index rocketed to an intraday all time high of 7816.70 and locked in it's 27th record close of the year at 7798.99. Driven by a powerful combination of cooling inflation data and an expected AI corporate earning boom, the index achieved Wall Street's "blue sky" targets month ahead of schedule.
✍🏼The One-two Dovish Inflation Punch:
July macroeconomics points completely crushed fears of near term Federal Reserve interest rates hike.
The Consumer Price Index arrived at a soft +0.1% month-over-month, while the Producer Price Index remained completely flat.
✍🏼Profits Outrunning Prices:
Second quarter corporate earning surged by an astonishing 31% year-after-year.
This represents the strongest non recession recovery earning expansion seen since 1992.
✍🏼Stocks Got "Cheeper" while Rising:
Because earnings grew faster than stock price, the forward price-to earnings (P/E) multiple for the S&P 500 actually compressed from ~26x in January down to ~22x during the breakout.
$BNB
$BTC
$SOL
#SP500TopsRecord7800
🚨 follow me to remain updated 💫 💕