$SPX Earnings Upgrades Are Surging at a Historic Pace

DavidMarlin
05-31

We are witnessing 1 of the strongest earnings upgrade cycles EVER.

$S&P 500(.SPX)$ forward estimates are being revised higher at the fastest rate in the last 16+ years.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2606(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2606(NQmain)$ $Dow Jones(.DJI)$ $iShares Russell 2000 ETF(IWM)$

Many people seem to think a market top is imminent.

But history says things can get a lot crazier.

Goldman’s Speculative Trading Indicator is still nowhere near Dot Com & COVID Bubble highs yet.

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