This Is Why The S&P 500 Is At Record Highs

If you’re wondering why the S&P 500 index is sketching out all-time highs while Treasury yields keep rising, look no further than the earnings outlook. S&P 500 companies are on track to increase third-quarter earnings by 29.5% year over year. Moreover, companies are nudging their guidance higher more than ever recorded. As of last week, 72 of the 116 S&P…