Larry Berman: S&P 500 earnings expectations rise into sell-in-May rally
Larry Berman: S&P 500 earnings expectations rise into sell-in-May rally VIDEO SIGN OUT Optimism around market performance, corporate earnings and economic recovery could be setting the tables for a traditional May sell-off. Bottom-up estimate expectations for 2021 were about US$164, according to S&P Global at the start of the year. Bloomberg consensus had similar numbers. FactSet, had the number at US$167 to start the year. They are currently at US$176. The current numbers for 2022 are about US$200. I think a 20-times multiple is expensive, compared to the historic mean 16.5-times, wh...