Here Comes The Earnings Boom
Fourth-quarter earnings season is in the home stretch, and it’s been a good one. After raising our 2021 earnings forecast for the S&P 500 Index in our Weekly Market Commentary on February 8, our upgraded forecast may now be too low, based on what we have learned from corporate America during the three weeks since. In this commentary, we recap earnings season and share our latest thoughts on just how strong the earnings rebound could be in 2021 and beyond. "Our confidence in the economic recovery continues to grow, bolstered by vaccine distribution and fiscal and monetary stimulus," says Jeffrey Buchbinder, CFA, Equity Strategist, LPL Financial.