Bloomberg Intelligence's 'Equity Market Minute' 7/15/2021

The video discusses the expected record-breaking earnings growth for the S&P 500 in the second quarter, with a focus on operating margins and capital spending as key drivers of stock prices. Analysts predict a rise in net income margins, especially for cyclical sectors, and an expansion in capital spending if companies feel confident in the outlook. The industrial commodity complex is highlighted for its low capital spending, with sales growth expected to rise significantly. The video concludes with an optimistic tone for the equity market.

What is the current status of capital spending relative to sales?

What is the expected sales growth for the industrial commodity complex over the next four quarters?