Earnings up, multiples down: Morning Brief

Earnings up, multiples down: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe

Tuesday, May 18, 2021

The stock market is entering a new phase

Investors right now are faced with a simple question: how much? 

How much do they want to pay for earnings growth that continues to blow away expectations but might also be peaking

Back in early April, my Morning Brief collaborator Sam Ro highlighted the most important chart for…


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