Why The S&P Just Hit A Record High — Despite Soaring Yields

Record S&P highs amid 5.3% yields rest on 38% forward earnings growth that Mowrey calls 'mid-priced,' not fully priced for AI-capex risk.

• Stocks hit records despite 5.3% yields: Mowrey says 38% forward S&P earnings growth—a pace only seen coming out of recessions—explains why stocks rose even as the 10-year hit its highest level since 2002.
• Market got cheaper, not pricier: Despite record highs, the S&P trades at 19x forward earnings, below its 5-year average, because earnings grew faster than price.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.