The stock market is entering a new phase: Earnings are up and multiples are down
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#stockmarket #MorningBrief #YahooFinance Myles Udland, Julie Hyman, and Brian Sozzi break down the outlook on earnings growth for the market amend economic recovery. The stock market is entering a new phase Investors right now are faced with a simple question: how much? How much do they want to pay for earnings growth that continues to blow away expectations but might also be peaking. Back in early April, my Morning Brief collaborator Sam Ro highlighted the most important chart for understanding the market rally. The chart, which came from Credit Suisse equity strategist Jonathan Golub, showed that while stock prices had been in rally mode for months, the market wasn’t getting […]