With The S&P 500 Up 7.2% In 3Q18, What's Driving Stocks?
As the third quarter of 2018 closed, the Standard Poor's 500 stock index — a barometer of the U.S. economy — closed the quarter at 2913.98 on Friday, as the unusually strong and long economic expansion powered stock prices to within 1% of its recently reached record high.
Amid abnormal political polarization in the U.S., a crisis of trust in internet security, and nationalism rising worldwide while globalism was under attack, the bull market and economic boom recently turned nine years-old — the longest in U.S. history — raising worries about risk. What's driving stocks?
Earnings estimates by Wall Street analysts for the S&P 500 for each calendar fiscal year since 2011 started overly optimistic and then were shaved as the end of the years approached. That's the typical pattern. From 2012 through 2017, six consecutive years, earnings expectations were lowered substantially compared to when the year started.
- 'Twas The Last Trading Day Before Christmas
- Stock Plunge Nears Bear Territory After Fed Hike
- A Last-Minute Reminder To Give Wisely And Charitably
- Key Facts About Tariffs, Interest Rates, And Economic Strength
- Fed Chair Extends A Dovish Hand, Lifting Stocks
- S&P 500 Slid Last Week, As Earnings Growth Is Recalibrated
- Last Chance For Pre-Retired Professionals & Biz Owners
- Amid A Swirl Of Controversy, Fed Policy Remained Stable
- More Good Economic News On Friday
- Is Amazon Keeping The Inflation Rate Low?
- Analyzing The Market Correction
- This Week In Stocks And The Economy