Join us to look at the market on this Weekend Market Review with Brett Witkowski. Over the past week, we’ve gained positive momentum. While we may not have the all-clear just yet, which would come with a close roughly 3% above the 200-day moving average, the market is showing strong signs of progress.

Key metrics further support this outlook. So far, 71% of S&P 500 companies have reported a positive EPS surprise, and 61% have reported a positive revenue surprise. For Q1 2025, earnings growth stands at a solid 7.2%. The forward 12-month P/E ratio for the S&P 500 is 19.0, slightly below the 5-year average of 19.9 but remains above the 10-year average of 18.3, signaling healthy valuation levels.

Looking at fiscal year guidance, 41% of S&P 500 companies have issued a positive outlook.

On a global note, Apple has announced plans to shift production of all U.S.-sold iPhones from China to India by 2026. Although the outlook on tariffs remains uncertain, many companies are demonstrating the ability to pivot operations as needed.