Expect them to be so again as margins and efficiencies are improving far more quickly than assumed.

Recall that the July 1 estimate from June 30 this year was a larger 11.8% increase from $127.44 to $142.66 (and recall they were dramatically short). That’s about a $10 or 6.0% increase in the forward roll from Q3 ’20 to Q2 ’21, to Q4 ’20 through Q3 ’21. That next bump should come in around $156.00+/- versus the current S&P 500 “forward 4-quarter estimate” this week of $146.27. We’ll see this in the Friday, October 2nd release of Refinitiv’s data. It is important to note that the normal “quarterly bump” comes next week. Don’t stress – as covered before, thishappens every quarter: It’s the last week of the current quarter and then the first 10 days of the new quarter when analysts get nervous and don’t want to be tagged on a downside shock. The “reduction window”typically lasts from now until October 10th-12th or so, and then once Q3 ’20 earnings start, we will all start to see upward pressure once again. It’s why we see consistent “better than expected” results when the data are actuallyreleasedby the companies. What is that? As we get a few weeks away from earnings season, you see analysts running scared and reductions in expectations are the rule. The latest in earnings data coming from Refintiv shows that analysts are starting their normal “hook” process. We will do our best help clear up concerns and shed light on history and how markets adapt. Until we can, we are going to have a “Coffee over Zoom” just to chat, review and build confidence in the great future ahead – together. In the world we are all living in, having a coffee together is tougher.

(Click the Zoom link at the noted date & time and we’ll see you then.) Event 1: Coffee with Truvestments

What does t minus 3 days mean