Earnings-Led Slo-Mo MAMU

Check out the accompanying pdf and chart collection. (1) Comparing current MAMU to 1999 meltup. (2) S&P 500 stunt plane flying through the vapor trails of the Blue Angels. (3) Why has the forward P/E held up so well around 22? (4) Revenues and profit margin fuel V-shaped recovery in earnings. (5) Peak in M-PMI consistent with peak growth rates in revenues and earnings. (6) Decelerating gains for S&P 500 ahead. (7) S&P 500 at 4800 sooner or later? (8) A good week for FAAMGs. (9) Updating the four investment styles. (10) Stay Home still beating Go Global. (11) Bonds disconnected from reality by Fed and foreign bond purchases. (12) Tapering should resolve the bond market conundrum. (13) Fed is now money market mutual fund of last resort. (14) Movie review: “No Sudden Move” (+).