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Open original source ↗A massive capex boom wherein the sellers recognize revenues and profits while the buyers capitalize the costs, will do that. Look at mid-1998 to mid-2000, when S&P 500 profits rose 30%. Then look at the next twelve months when order books collapsed. https://t.co/BSx1CklqDK
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Earnings expectations for American stocks are now rising faster than after the 2017 tax cuts. They're rising at a pace you usually only see during recovery from recessions. The profit machine will not stop. https://t.co/6BVEkTy7W1
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