The SPX Front-Runs GAAP Earnings

ANG Traders
Nov 2, 2023

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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.

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ANG Traders

Forty years of private equity trading, and still learning.