FYI: Another great week for the bulls as a rallies Tuesday and late Friday pushed markets back to the all time high levels! Earnings “beats” (off lowered expectations) are helping out here:
More than a fifth of the S&P 500 constituents have reported results, with nearly 80% of those companies producing earnings results that topped analysts’ consensus estimates, compared with about 65% in the fourth quarter. To be sure, that reflects lowered estimates heading into the quarter amid worries about a recession and anemic growth outside of the U.S., amplified by a trade spat between Washington and Beijing.
Regards,
Ted
https://www.stocktrader.com/2019/04/28/weekly-market-recap-apr-28-2019/
