Bloomberg Intelligence's Equity Market Minute 10/01/2024

Gina Martin Adams discusses the S&P 500's performance in the fourth quarter, highlighting the influence of forward estimate revisions and earnings growth forecasts. She emphasizes the importance of X Energy forecasts in determining stock outcomes, noting that energy expectations can diverge from the rest of the index. The video concludes with a summary of the key points discussed.

What is typically the best quarter for the S&P 500?

• First Quarter

• Fourth Quarter

• Second Quarter

• Third Quarter

What percentage of the time do stocks move in the direction of forward earnings expectations?

• 60%

• 50%

• 70%

• 80%

Which two months saw a decline in earnings estimates in 2025?

• January and February

• April and July

• May and August

• September and October

Why are X Energy S&P 500 forecasts significant for stock outcomes?

• They are the only forecasts available.

• Energy is a major cost input for the index.

• They are not significant.

• They are always accurate.

What happens when energy expectations fall but the rest of the index expectations rise?

• Stocks are unaffected.

• Stocks rise.

• Stocks decline.

• Stocks remain stable.