P Spx: Earnings Expectations and Stock-Market Anxiety

p spx: The near-term question for investors is whether stocks will maintain their upside bias or succumb to a sell-the-news type correction, according to Market Watch. See Trump inauguration set to unleash cascade of stock-market anxiety The S&P SPX, 0.34% ended Thursday with a gain of 5.8% since Election Day on Nov. 8. Trump will take the oath of office on the Capitol steps at midday Friday. That's the largest election-to-inauguration rise since the index's 8.8% run following Clinton's re-election victory, according to Dow Jones data. The postelection rally has seen stocks run out ahead of earnings expectations, wrote Nicholas Colas, chief market strategist at Convergex, a New York-based global brokerage firm, in a Wednesday note. It is also the fifth-largest such rally for the index or its predecessors since Herbert Hoover's 1928 win see chart below Caption outside of wrapper for normal article images The inauguration itself might not provide a definitive answer as investors await more details of Trump's policy agenda. (news.financializer.com). As reported in the news.