It is tempting to think there is still significant upside for the S&P 500, given the recent slew of upbeat earnings reports for Q1. Nonetheless, a lot of good news about the outlook for profits is now discounted, even allowing for the effects of the pandemic. And there are clearly risks to the outlook, such as the president’s plan to raise corporate taxes and a potential antitrust drive.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services