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:) The call for this week
By Jeffrey Saut | June 19, 2017

We have just come off of the strongest earnings season we have seen in years, with the S&P 500 earnings improving nearly 14%. More importantly, the “bears” that have been telling us earnings may be okay, but revenue growth is nonexistent, just got proven wrong with revenue up almost 8%. This is the kind of action you typically see as the equity markets transition from an interest rate to an earnings driven secular bull market. Obviously, there will be a time when our indicators, models, and the stock market’s own price action start to suggest more caution, but now is not that time. This morning the SPX is ignoring the Syrian escalation where a U.S. Navy F/A-18 shot down a Syrian Su-22 fighter jet, and a new terrorist truck-pedestrian attack in London, leaving the preopening S&P 500 futures better by some 6 points at 5:33 a.m. Like we have said, “In bull markets most of the surprises come on the upside!”

https://www.raymondjames.com/wealth-management/market-commentary-and-insights/investment-strategy

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