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Better 4Q19 EPS, Guidance, Economy Could Boost Market in 2020

Forgive me for harping on the “earnings recession” fears that have hung over the market for some time, but it pays to remember just how concerned most investors were 12-18 months ago. Now, however, this one-time bogeyman is in the process of likely resolving itself and fading away. That has implications for the bull market. (See Signal From Noise, Market to Focus on SPX EPS Growth after 4Q19 EPS Season, Jan. 15.)

I say this for a couple of reasons. Acknowledging right away that the fourth qua...

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