I wanted to shed some light on the current state of the market. Bond market investors have seen yields on a consistent decline across high yield, investment grade, and treasury bonds.
At the same time, investors in the S&P 500 have seen the forward 12 months earnings yield increase. This is the same as saying earnings are expected to rise relative to the price of the market. Continued future earnings growth will be a positive factor for the market! Click image to enlarge!