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.
- 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
- Analyzing The Risk Of Stocks After The 6.9% Drop
- Fed Chair: "We Remain In Extraordinary Times."
- With The S&P 500 Up 7.2% In 3Q18, What's Driving Stocks?
- Widespread Misinformation Follows Household Median Income Report
- Investment Wisdom At A Poignant Moment In History
- Good Economic Surprises Happening Now
- Economic Facts To Prepare For The Elections
- Another Member Of Music Royalty Dies With No Will
- Top 10 Indications The Economic Outlook Is Brighter Than Expected
- Wealth And Economic News This Week (2-Minute Read)
- 10 Things: New Education Tax Breaks For A Child Or Grandchild
- The Truth About U.S. GDP Growth
- Despite Distractions, Economic Data Boomed Last Week
- Protect Yourself Against Spearphishing
- Even The New York Times Gets Investment Facts Wrong Sometimes
- First-Half Of 2018 Stock Investing Highlights
- U.S. Leading Indicators Growth Rate Slowed In May; Should You Worry?
- Signal To Noise Ratio Of U.S. Economy Is An Anomaly