Futures Radio Show
Federal Reserve vs. Earnings Projections: What's Really Driving the Market? Bob Elliott
Jun 19, 2024
Former Bridgewater investment committee member Bob Elliott, CIO at Unlimited Funds, discusses market driving factors, shift from Fed influence to earnings projections, U.S. economy outlook, and trade opportunities leading to the election. Insightful analysis on market highs, earnings growth, interest rates impact on small caps, Federal Reserve's influence, stock performance, election impact on traders, and fading extreme market expectations for trading success.
45:28
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Quick takeaways
- Market driven by strong growth expectations and earnings projections, not Federal Reserve influence.
- Rally based on macroeconomic growth shift, emphasizing expectations of double-digit earnings growth and economic performance.
Deep dives
Rally of S&P and NASDAQ Due to Strong Growth Expectations and Earnings Projections
The surge of S&P and NASDAQ to all-time highs is attributed to strong growth expectations and earnings projections in the US economy, contrary to earlier recession fears. Expectations of 18% earnings growth year-over-year and margin expansion are driving this rally, with a noticeable shift towards focusing on macroeconomic growth rather than microeconomic factors.
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