#sp500earningsbeatexpectations
The S&P 500 just hit a record high and got cheaper doing it.
Q2 earnings jumped 31% from a year ago, the best growth outside a recession rebound since 1992. Profits ran faster than price.spx now trades at 22x forward earnings, down from 26x in January.
AI spent five years as a cost. This quarter it became a profit. Margins are pushing 16%. This record is built on earnings, and that is the kind that holds.
$SPX
$BTW
$AIO
The S&P 500 just hit a record high and got cheaper doing it.
Q2 earnings jumped 31% from a year ago, the best growth outside a recession rebound since 1992. Profits ran faster than price.spx now trades at 22x forward earnings, down from 26x in January.
AI spent five years as a cost. This quarter it became a profit. Margins are pushing 16%. This record is built on earnings, and that is the kind that holds.
$SPX
$BTW
$AIO