click to open \/ enhance \/ expand<\/figcaption><\/figure>\n <\/p>\n
What’s interesting about this week’s data is not only do the revisions continue to be “less negative” but both the 2020 and 2020 annual estimates saw a positive revision for the week.<\/p>\n
Haven’t seen that in about 3 months.<\/p>\n
Averaging the 2020 and 2021 SP 500 full-year EPS estimates, the 4% average growth rate has been constant now for 14 straight weeks.<\/p>\n
The 23x multiple for 2020 doesn’t look so great for the SP 500, but the 17x multiple for 2021 looks better.<\/p>\n
——————————————————————————————–<\/p>\n
Summary \/ conclusion:<\/strong><\/em>\u00a0 The revision data for the SP 500 continues to be a plus for the market, although it’s hard to comprehend the price action of +10% for the SP 500’s return in the last 3 weeks being all due to earnings. A lot of positives this week, with the Treasury yield curve action, the action in banks and airlines, etc.<\/p>\nMore to come this weekend, probably on Sunday.<\/p>\n
As always, thank you for reading.<\/p>\n
<\/p>\n
<\/p>\n
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<\/p>\n","protected":false},"excerpt":{"rendered":"
So far anyway, although there is another 4 weeks until Q2 ’20 earnings start, here is how 2019 – 2021…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[210,91],"tags":[],"class_list":["post-10291","post","type-post","status-publish","format-standard","hentry","category-sp-500-estimate-revision-data","category-weekly-earnings-update"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/10291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10291"}],"version-history":[{"count":3,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/10291\/revisions"}],"predecessor-version":[{"id":10295,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/10291\/revisions\/10295"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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