Excerpt from CNBC quoting DataTrek co-founder Nick Colas:
…. “Despite the effect of the pandemic on profits in early 2020, Nicholas Colas, who analyzes market trends as head of DataTrek, notes that this is the culmination of two remarkable years of growth: “In the 2 years since Q2 2019 the S&P 500 has generated 17 percent earnings growth on 3 percent revenue growth. … That stands in stark contrast to the 2011-2019 period, when earnings grew much more slowly”….
Read the full article here on CNBC!