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But we saved everything 🙂.
Sam Ro reports that during times of above-trend earnings per share growth, approximately 15 percent year-over-year, 10-year yields can rise to about 5 percent before equity multiples begin to decline.
He adds that the sustainability of earnings growth will remain the main focus for equity investors, according to JPM.
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Sam Ro recently reported that Bloom Energy, Illumina and Everpure will be added to the S&P 500, while Molson Coors, Trade Desk and Builders FirstSource will be removed (link). In a prior article, Ro highlighted a surge in S&P 500 stocks with negative beta, pointing to an unusual risk profile in U.S. equities (link). These developments come as investors assess the outlook for earnings growth and interest rates.