The SPX Front-Runs GAAP Earnings
Nov 2, 2023
At the end of 2022, I published this:
https://seekingalpha.com/article/4565503-a-new-bull-market-is-likely-to-start-in-2023
In that piece I showed that the SPX front-runs the GAAP earnings and, therefore, I was expecting the SPX to rally hard in 2023 an the back of the increased interest-income (~$1T) that the Treasury and Federal Reserve were pumping into private bank accounts.
…and here it is today:
Forgive me if I take a victory lap, but considering the abuse I received from the herd, I owe it to myself.
Join us at www.angtraders.com or on seekingalpha.com (Away From the Herd investment group) and take advantage of our 40+ years of market experience.
