The Real DJIA, Elevated… Not Extended

The video discusses market trends over the past 30 years, focusing on earnings quality, particularly in the banking sector. It highlights issues with revenue recognition across industries, including banks and companies like 3M. JP Morgan's recent performance is analyzed, showing better-than-expected results despite market challenges. The video also explores accounting practices in the advertising technology sector, comparing transparency among companies like Facebook, Google, and WPP.

What is the overall sentiment towards the S&P 500 level as discussed in the text?

What differences in revenue recognition practices are highlighted between Facebook and Google?