The rate of $SPY EPS growth will peak in upcoming 2Q21 #earnings season. Do not confuse that with peak optimism in earnings though. They are different things &; you need to understand the difference to determine a market top.

$NOVN - Next fiscal quarter end expected on 30th of June 2021. #stocks #earnings

It is not a coincidence that the S&;P 500 closed at another all-time high as overall $SPY EPS expectations continue to improve on a rate of change basis. 1 yr ago ests were falling at a rate of -7.69%. In peak 1Q21 #earnings season, they rose by +5.15%.

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