---
title: Not all new highs are the same.
description: "Awesome chart from @sonusvarghese thru Ryan Detrick here.\nEnd of March, SPX up 10.2% YTD. Only 3.1% from EPS growth and the rest (7.1%) was from multiple expansion.\nOn 5/15, SPX up 11.1% YTD. Now 5.3% from EPS growth and 6.0% from multiple expansion."
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Not all new highs are the same.](https://blog.syzgroup.com/syz-the-moment/not-all-new-highs-are-the-same)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | May 21, 2024, 12:42:37 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/not-all-new-highs-are-the-same)

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