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Jurrien Timmer, industry influencer, highlights the role of robust earnings growth in sustaining market resilience during recent periods of geopolitical uncertainty.
Timmer points out that earnings estimates have accelerated to a 20% year-over-year rate. Without this strong performance, he suggests the recent 9.8% drawdown could have approached nearly 20%.
Earlier, Timmer reported that the S&P 500 dropped 9.2 percent from recent highs while its P/E ratio fell 18 percent during market volatility, according to his recent note. He also observed gold's lack of rally despite heightened geopolitical tensions, citing a sentiment reversal among fast money traders in a separate post. These observations provide additional context to his current focus on earnings growth and market resilience.