The bad-news-is-good-news stock market - MarketWatch
1. S&P 500 projected earnings per share fell nearly 10% in Q2. 2. Despite falling EPS, overall market rose 11% during the same period. 3. Market rally driven by sentiment, not fundamentals or interest rates. 4. Valuation indicators suggest S&P 500 may underperform over the next decade. 5. Predicted annualized returns could fall 2% below inflation through 2035.