Equity Market Minute

This week’s Equity Market Minute shines light on equity market ‘melt-ups’ and finds the current fundamental backdrop to be more conducive to a bull market than a euphoric rise in stock prices. Prior ‘melt-up’ phases were characterized by a rapid rise in price coupled with more tepid earnings growth. Earnings and price have accelerated at a similar pace this cycle, a trend that is expected to continue for the next few years.

More on this topic is available here.