Markets continue to reach new highs despite persistent global uncertainties, with strong and broad-based earnings growth helping support the rally and even bringing valuations down versus a year ago.
Q1 Earnings Update – It’s Fine, Everything’s Fine (Really)
"One day everything will be well, that is our hope.
Everything’s fine today, that is our illusion."
― Voltaire
The Through Line: Markets pushed further into new high ground this week, dragging investor anxiety alongside given so many still unresolved global issues. Results from the nearly finished earnings reporting season, however, show robust and broad-spread strength, helping justify the upmove; valuations are actually lower now than they were a year ago. We delve into the details and what they imply for the rest of the year.