Has the Bull Market Arrived?

Coming off the heels of hitting a new high for the S&P 500, we’ll talk about how, why, and what it means that we are in a bull market. We’ll then examine the latest on earnings, inflation, and the effect of a massive cash surplus. With some football talk mixed in, we finish by taking a broader perspective to look back on lessons we learned in a post-COVID cycle.

Key Takeaways

[00:18] - China stumbles while the US market surges [03:45] - We’re calling it: we’re in a bull market [09:29] - Prices/costs, inflation, and the earnings outlook [15:17] - Could the surplus of cash drive the markets even higher? [18:32] - Truflation reaches the Fed’s goal of being under 2% [22:03] - Reflections on a post-COVID market cycle

Links

Ro: the long game remains undefeated Jason Kelce helps girl get a message to Taylor Swift during the Chiefs-Bills game The equal-weight S&P 500's forward PE is 18, the lowest valuation for the index on an S&P 500 record high day since January 2020 Timmer: Rising tides lift most boats WSJ: Wall Street hopes trillions in money-market funds will flow into stocks and bonds Truflation: CPI Drops Below 2%: Fed Inflation Target Reached