The Stock Market Rally Is a Big Fat Lie

The Stock Market Rally Is a Big Fat Lie

S&P 500 Index shatters new record high on Monday. Equity markets are rallying despite a three-quarter decline in corporate earnings – the longest stretch since 2015-16. U.S. firms are getting better at playing the expectations game. The Wall Street expectations game has created an artificially low hurdle for companies to clear every earnings quarter. Case […]

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