Haymaker Daily

Mean Reversion, Mean Indeed

Hello, Haymakers:

There is no question that S&P 500 earnings have been spectacular this year. Per ZeroHedge — which some deride as the financial equivalent of the National Enquirer, but we find a frequent source of interesting factoids — they’ve been the strongest since 1955. That was of course during the peak of the American post-WWII high and the interstate highway construction boom. Civilian atomic energy was also just lifting off, promising an era of cheap and nearly limitless power.