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SPX price may not support current levels without earnings growth, Michael Kantro warns

SPX price may not support current levels without earnings growth, Michael Kantro warns
SPX may face pressure without earnings growth

Michael Kantro raises concerns about the sustainability of recent market moves.

He points out that multiple indicators, including breadth and P/E ratios, do not align with continued optimism for SPX unless earnings grow at a fast 30-40% rate. Kantro suggests that if such growth does not materialize, SPX price performance could face significant headwinds.

Kantro has previously noted that economic strength is largely limited to the largest companies and oldest consumers, while other segments have lagged (/news/market-voices/show/3518906-economic-strength-k-shaped/). In an earlier report, he explained that consumer perceptions of low mortgage rates have reached the lowest levels since 1978 due to recency bias (/news/market-voices/show/3489716-mortgage-rate-perception-bias/). These observations provide context for his recent caution on the market outlook.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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