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The World Is Wonderful: First Time Since 1955

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The world is wonderful

If earnings drive stocks, then global stocks are in an unusually strong position: in contrast to a typical year, both 2026 & 2027 EPS estimates have been persistently upgraded all year. Chart shows MSCI World EPS.

From record beat rates to the strongest upward revisions in years, here's why the fundamental backdrop remains surprisingly difficult to hate.

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