S&P 500 Forward P/E Ratio Falls Below 18

FactSet Senior Earnings Analyst John Butters provides an update of the key metrics for the first quarter earnings season for the S&P 500, as we've just finished the peak weeks of the earnings season. He then discusses the change in the forward P/E ratio for the S&P 500 in recent weeks and the price reaction to positive earning surprises reported by S&P 500 companies for the first quarter.