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Aug 3 at 06:47 PM
$VG S&P 500(VOO.US)
The Vanguard S&P 500 ETF (VOO) is oscillating around the $688–$695 channel as Q2 earnings season continues to significantly outpace expectations. Over 60% of constituent companies have reported, delivering a massive 57% corporate profit growth rate year-over-year. Crucially, with 86% of firms beating bottom-line estimates across all 11 sectors, the market is experiencing healthy forward multiple compression pulling the S&P 500’s forward P/E down to 19.7x.
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