No. of Recommendations: 18
Has earnings growth been the jet fuel for this "rocket of a market?"
That does not appear to be the case:
S&P 500 Earnings Data Annualized Last 5 Years:
2026: Lots of wildly optimistic projections, I'll believe 'em when I see 'em.
2025: 240.00
2024: 219.90
2023: 207.15
2022: 192.20
2021: 234.36
S&P500 Price by Year
April, 2026 7,165.08
Jan 1, 2026 6,929.12
Jan 1, 2025 5,979.52
Jan 1, 2024 4,804.49
Jan 1, 2023 3,960.66
Jan 1, 2022 4,573.82
Current Buffett Indicator = 230%, placing the US stock market in the "playing with fire" territory.
This ratio is 75% above its historical trend line, suggesting low expected returns. (I know...totally outdated and soooo boring!)
Lastly, "A rising U.S. national debt—driven by high federal budget deficits—often directly inflates S&P 500 company earnings and stock prices." (That's the Spirit! FLYYQ)
What would these S&P earnings look like without the trillion dollar deficits? Bueller, Bueller anyone?
A wise man once said, "Be fearful when others are greedy and greedy when others are fearful."
"You’re still here? It’s over. Go home." ~Ferris Bueller
finance.yahoo.com - Deficits boost u debt inflatemultpl.com - S p historical pricesmultpl.com - S p earnings 