Lorcan Roche Kelly
Japanese shares surge, it's a big week for Carney, and markets are rising. Here are some of the things people in markets are talking about today.
The S&P 500 Index closed less than a point below its all-time high on Friday following the U.S. jobs report and dovish expectations on global central bank policy. So it may come as a surprise that the S&P 500 is also poised to match its longest earnings recession since 1936. At 25 times reported profit, the S&P 500 is trading at a higher multiple than it has for 90 percent of the time in the past eight decades. The one saving factor for the index is the shallowness of the decline in earnings, which is nothing close the previous three drops.