Traders at the New York Stock Exchange on March 18, 2020. US companies’ earnings are beating expectations, alleviating some of the concerns around elevated metrics such as forward price-to-earnings ratios. Photo: AFP Traders at the New York Stock Exchange on March 18, 2020. US companies’ earnings are beating expectations, alleviating some of the concerns around elevated metrics such as forward price-to-earnings ratios. Photo: AFP
Traders at the New York Stock Exchange on March 18, 2020. US companies’ earnings are beating expectations, alleviating some of the concerns around elevated metrics such as forward price-to-earnings ratios. Photo: AFP
Kerry Craig
Opinion

Opinion

Macroscope by Kerry Craig

Stock markets are likely to continue climbing, given the unexpectedly good US earnings reports

  • Solid support will also come from the global vaccine roll-out and accommodative policies from central banks and governments, with non-US markets performing better
  • Risks lie in the ability of companies to control costs as the economy improves and taxes and wages rise

Traders at the New York Stock Exchange on March 18, 2020. US companies’ earnings are beating expectations, alleviating some of the concerns around elevated metrics such as forward price-to-earnings ratios. Photo: AFP Traders at the New York Stock Exchange on March 18, 2020. US companies’ earnings are beating expectations, alleviating some of the concerns around elevated metrics such as forward price-to-earnings ratios. Photo: AFP
Traders at the New York Stock Exchange on March 18, 2020. US companies’ earnings are beating expectations, alleviating some of the concerns around elevated metrics such as forward price-to-earnings ratios. Photo: AFP
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Kerry Craig

Kerry Craig

Kerry Craig is a global market strategist at JP Morgan Asset Management.