S&P 500 analysts are projecting when this bull market will end. Since the self-imposed bear market of 2020, the S&P 500 has surged more than 90%. Now they are offering a prediction based on S&P 500 history and the speed of the recovery. In the meantime, this year’s earnings season is off to the races. With less than 10% of the S&P 500 reporting, Liz Ann Sonders of Charles Schwab says the strong early returns offer implications for the season. The SEC has issued a warning about SPACs, especially the ones endorsed by celebrities. They explain how SPACs work and what the risks are.
When The Bull Market In Stocks Will End, According To S&P 500 History — Market history says bull markets last anywhere from four to 11 years, and big first-year gains have been followed by longer bull market periods. That could be read as good news for investors inclined to take a technical view of stock momentum. Read more…
Pump It Up: Earnings Season Starts Off Strong — With less than 10% of the S&P 500 having reported, results are strong and have boosted the blended consensus for first quarter year-over-year earnings growth from 25% to nearly 31%. The denominator effect of improving earnings (E) is helping ease some valuation concerns; but overall, the market remains historically expensive. Read more…
Celebrity Involvement With SPACs – Investor Alert — “SPAC” stands for special purpose acquisition company, and it is a type of blank check company. SPACs have become a popular vehicle for various transactions, including transitioning a company from a private company to a publicly traded company. The SEC’s Office of Investor Education and Advocacy (OIEA) is cautioning investors about them. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller