FactSet currently forecasts the S&P 500 will achieve full-year 2024 earnings growth of 11.7%, with first- and second-quarter earnings growth of 6.8% and 10.9%, respectively.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
As the stock market rips in this Santa rally, nobody seems to have noticed that since the end of September, Q4 EPS estimates have been trimmed more than -5% and 2024 by -1%. Then again, who needs fundamentals when you have seasonals, momentum and a dovish Fed as tailwinds? https://twitter.com/EconguyRosie/status ... 5043012701