‘Earnings-Driven Bull Market’ Seen Coming for U.S. Stocks: Chart

Is Sideways Market Handcuffing Both Bulls and Bears?

U.S. stocks are set up for an “earnings-driven bull market” as corporate profits rebound, according to Richard Bernstein, chief executive and chief investment officer of Richard Bernstein Advisors LLC. In a report posted on his website Tuesday, Bernstein cited data about the S&P 500’s performance after low points for earnings since 1938. The index averaged a 13.1 percent gain in the next 12 months, and rose all but three times in 18 occurrences.

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