Traders just got a sign the stock market rally has a long way to go
|05/27/2017||Posted by BusinessMediaguide.Com under General World News||
The equity bull market’s biggest catalyst looks like it’s here for the long haul.
Profit expansion — which has historically been the biggest contributor to share-price appreciation for US corporations — is churning at a rate not seen in almost six years.
And now that more stocks are getting in on the action, the recovery looks likely to sustain itself going forward.
The number of companies revising future profits higher is outpacing those making downward adjustments by the most since 2012, according to data compiled by Morgan Stanley. This measure, known as earnings revision breadth, goes one step further than showing increased read more >>>