S&P 500 Hits Record Highs as Q1 Earnings Jump 27.7%

1 articles · Updated · Seeking Alpha · May 18

The S&P 500 has surged 16% in the past six weeks, climbing to multiple all-time highs in the latest leg of the rally.
Q1 index earnings rose 27.7%, providing the profit backdrop for the advance and helping validate the market’s sharp move higher.
Analysts have also raised consensus estimates, reinforcing the view that corporate results are improving rather than merely beating lowered forecasts.
The combination of record prices, double-digit gains and accelerating earnings suggests the rally is being driven by broad profit strength rather than momentum alone.

With corporate profits at all-time highs, why is the market rally leaving so many average households behind?

Is the stock market's record run a sign of a new economy or the final stage of a massive bubble?

Can the market's record rally survive the new Fed chair's inevitable confrontation with stubbornly high inflation?