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One chart explains what’s driving the stock market’s record-breaking explosion

trader nyse point

  • Upward revisions to S&P 500 profit forecasts have provided crucial fuel for the stock market’s ascent to new record highs.
  • US equities are surging so much, so quickly, that some Wall Street strategist year-end forecasts have already been surpassed.

It’s no coincidence that the stock market‘s latest batch of record highs has come as corporate earnings season starts in earnest.

That’s because upward revisions to profit forecasts have been one of the main drivers of those equity gains. After all, earnings growth has been the undeniable driving force of stock gains throughout much of the 8 1/2-year read more >>>

Source:: BusinessInsider.Com