The Stock Market vs. Earnings Growth
Markets felt like they were upside down last year. After the initial Corona plunge, the economy and the pandemic kept getting worse but the stock market kept going up.
Lo and behold, the stock market looked across the valley and it was right. By the time the vaccine was here we were already back at all-time highs.
Corporate earnings understandably took a tumble last year during the worst GDP quarterly print since the Great Depression. Now they’re roaring back just like stocks did.
Does this mean…
