CEOs at large U.S. companies collectively realized at least $6 billion more in compensation than initially estimated in annual disclosures in the five years after the financial crisis first hit, according to a Reuters analysis. The reason for the windfall: the soaring value of their stock awards.
North American equity markets are feeling pretty healthy this morning as they are edging higher on the day so far, but the U.S. dollar isn’t feeling the same sort of love. If the market continues to believe that the Fed will not do anything to rock the boat over the next few months, there could be a lot more room to run for equities.
If the S&P 500 actually did put in an elusive top in the next few days it would happen on a technical calculation more heavily weighted to time as opposed to price. That would hypothetically create an intermediate level correction at best but not likely anywhere near the kind of bear market that materialized from 1938-42.