Economics
Earnings Elation Is Giving Trump Stock Bump Its Margin of Error
- For first time in six years, double-digit growth is real
- Analysts sticking to 12% forecast show why dips worth buying
El-Erian Says Markets Have Become Divorced From Reality
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Mystified about how the Trump stock bump keeps surviving presidential setbacks? Look at a pillar of the trade that predates his election.
It’s the revival in S&P 500 Index earnings that began last year and appears certain to accelerate when results come due next month. Evidence is building that companies will make good on forecasts for 10 percent growth in the March quarter, among it a resistance among analysts to lowering forecasts that hasn’t been seen since 2012.