Joe Terranova, Stephanie Link, Bill Baruch, and Kevin Simpson, join ‘Halftime Report’ to discuss whether the bull market is back, what the rise in S&P 500 above 4,300 for the first time since August suggests, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

» Subscribe to CNBC TV:
» Subscribe to CNBC:

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:

#CNBC
#CNBCTV …(read more)

BREAKING: Recession News

LEARN MORE ABOUT: Bank Failures

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

Despite ongoing economic recovery efforts and a rebound in the stock market, the United States is still stuck in an “earnings recession,” according to Joe Terranova, chief market strategist at Virtus Investment Partners.

In a recent interview, Terranova pointed out that while the market has been showing signs of strength, corporate earnings have failed to keep pace. He noted that even as the economy continues to expand, many companies are still reporting lackluster earnings growth or even declines.

This trend has significant implications for investors and the broader economy. Earnings are a key measure of a company’s financial health and their ability to generate profits for shareholders. When earnings growth stagnates or declines, it can weigh on stock prices and undermine confidence in the market.

Terranova’s assessment is supported by recent data from FactSet, which shows that the S&P 500 is expected to report a decline in earnings for the first quarter of 2021. This would mark the first back-to-back decline since 2016 and the fourth consecutive quarter without earnings growth.

Several factors may be contributing to the earnings recession. The lingering effects of the COVID-19 pandemic, including supply chain disruptions and reduced consumer spending, have impacted businesses across various industries. In addition, rising costs for raw materials and labor have put pressure on profit margins.

Despite these challenges, Terranova remains cautiously optimistic about the market’s prospects. He believes that as the economy continues to reopen and rebound, earnings growth will eventually follow suit. However, he also cautions that investors should remain vigilant and selective in their stock-picking strategies.

For now, it’s clear that the U.S. economy is still grappling with the lingering effects of the pandemic, and corporate earnings are feeling the strain. As investors continue to navigate these uncertain times, the advice of seasoned market strategists like Joe Terranova can provide valuable insights and guidance.