Surveillance: Inflation Trades with Golub (Podcast)
Bloomberg Surveillance
00:00
How Can Stocks Keep Rallying?
How can stocks keep rallying? How can you get to near five thousand by the end of the year on the s am p if you get three or four % fud funds rate? Well, ian, the most important thing is corporate profits are holding up really well. And so take a look at this disearning season. Revenues are running on the s m p 14 % this quarter. Earnings are up 12 so the margin pressure is tiny. But we had this really weird thing going on with the banks with reserve releases. If you took that out, the revenues were 15 % and the e p s was 20%. So the earnings are superoful, and stocks
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