The Rise and Fall of the S&P 500

Roxanne Jones: "I'm not fixated in a recession. So I think there's a likelihood, a high likelihood" She says earnings estimates for the S&P 500 itself have been doing nothing but going down. But individual stocks like General Motors and Cleveland Cliffs are seeing their numbers go up, she says. Jones: With these high valuations, doesn't it matter what stocks are seeing Earnings Revisions to the upside? The answer is 100%.