Despite The Washington Sideshow, Stocks Closed At A New All-Time High

Published Friday, May 26, 2017 at: 7:00 AM EDT

While the sideshow in Washington dominated the world stage again for yet another week, the economy deserves rave reviews. Earnings drive stock prices. Period. It's like financial gravity, and it's how the stock market works. Estimated operating earnings per share on the S&P 500, as of May 8, 2017, was $131.44 in 2017 and $147.10 in 2018. What's that mean?Over time, the value of the Standard & Poor's 500, the black line, follows the action in the red line, which represents corporate earnings. At the end of the red line showing earnings historically are two dots representing...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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