S&P 5000!

Check out the accompanying pdf and chart collection. (1) S&P 500 earnings still outpacing expectations. (2) Our target for S&P 500 is 5000 by year-end 2022. (3) Betting on continuation of elevated forward P/E. (4) Tech-related companies should continue to boost productivity and profit margins, and to prop up valuation too. (5) A bullish spin on US-China Cold War. (6) Industry analysts expect earnings winners in 2022 to be in S&P 500 Industrials, Consumer Discretionary, and Energy sectors. (7) 2023 earnings laggards expected to be Financials and Materials. (8) Normal forward P/E converging with normalized forward P/E. (9) Reversal of fortune for banks as loan loss reserves get back to normal. (10) Joe knocked down Tesla’s LTEG earlier this year. (11) Joe explains why LTEG is so high again.