Insane.
"Taking the next three years of projected earnings for the S&P and summing them, we can see that its rise has never been higher as far back as we have data for, running at a 40% annual pace."
Earnings growth has NEVER BEEN HIGHER.
Without it, a 10-year yield still over 5% would be a much more serious headwind for multiples.
"Taking the next three years of projected earnings for the S&P and summing them, we can see that its rise has never been higher as far back as we have data for, running at a 40% annual pace."
Earnings growth has NEVER BEEN HIGHER.
Without it, a 10-year yield still over 5% would be a much more serious headwind for multiples.