47 days ago • Posted by Paul de La Baume
S&P 500 has best pre-earnings performance since 2009 #trading $SPY
US Stocks just had their best performance ahead of earnings since 2009, per Bloomberg. Markets are looking at the brighter side of things, front-running central bank pivots*, and not pricing in hard-landing risks (that was 2022). *Going back to 1982, the S&P 500 has returned an average of 19% in the 12 months after interest rates peaked.