Earnings Estimates HAVE to Improve Significantly if the Market is Going to Advance More Than it Already Has
- There’s no guarantee, but this week could be an uneventful one…with a national holiday (and market closure) taking place smack dab in the middle of the week…and the next earnings season still a few weeks away.
- Speaking of earnings, the estimates for the second half of this year…and for 2025…are going to HAVE to improve for the market to rally a lot more than it already has this year. Excess liquidity won’t be around forever, so the “E” part of the forward “P/E” ratio is going to have to improve in a meaningful way.
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