The narrow foundations of the current rally — one company is responsible for half of S&P 500 earnings revisions
One company accounts for half of S&P 500 earnings revisions since the Iran war began.
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one company is responsible for half the increase in s&p 500 earnings expectations since the iran war started. that single firm's upward revisions account for 50% of the total rise in profit forecasts for the entire index. the rest of the market's earnings outlook has seen far less improvement.
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