S&P 500 Earnings For Q3 Surprise To The Upside

The PULSE Monitor, a Citi Research study, finds that US Equity markets are comfortably positioned in ‘Positive’ territory on the crucial aspects of Price and Earnings. PULSE is Citi’s acronym for the five market conditions of Price, Unanticipated, Liquidity, Sentiment and Earnings. US equities and price According to Citi analysts Tobias Levkovich, Lorraine Schmitt and Christina Wood, “the market still appears undervalued based on a normalized yield gap analysis and other metrics.” A mid-2014 S&P 500 (INDEXSP:.INX) target of 1,825 is possible given that market outcome statistics are still hovering below long-term averages. However, an analysis of earnings yield gap with…