Stocks are poised for something that hasn’t happened since the days of the dot-com bubble

The S&P 500 is flirting with what would be a rare accomplishment: rising 20% or more during two consecutive calendar years.

The last time it happened was 1998

Prior to that, stocks hadn’t seen such strong gains for two years in a row since 1955

Based on Wall Street’s profit forecasts over the next year, the S&P 500 recently traded at a ratio of 21.6 times forward earnings, compared with just under 24 times in late 1999.

Joseph Adinolfi MarketWatch 26 September 2024

https://www.marketwatch.com/story/stocks-are-poised-for-something-that-hasnt-happened-since-the-days-of-the-dot-com-bubble-23230cb1


Tillbaka till den 26 September 2024

Wall Street och Stockholm 26 september 2024 (englundmacro.blogspot.com)




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