Stock markets the world over celebrated the end of the Iran War last week, with many closing the week at all-time highs.
Q1 earnings have been good so far, but only 10% of companies have reported. Those 10% have been good though, with 88% of them reporting earnings better than expected.
If you were only paying attention to the things that matter for stock prices – earnings growth, dividend yields, and interest rates – the bullish stance of the market makes perfect sense.
It is only when you start reading the news that the bears are able to get their claws in you.
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Stock markets the world over celebrated the end of the Iran War last week, with many closing the week at all-time highs: large cap (S&P 500, Russell 1000), small cap (Russell 2000, S&P 600), NASDAQ, emerging markets, Asia ex-Japan, Latin America 40, Canada, Australia, Israel, Poland, Italy, Netherlands, Austria, Spain, Singapore, Taiwan, and Brazil all closed
