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Single best idea quick after a crazy day, just to give you a window into the sausage making here where, of course, hugely advantaged by a team that is trying to get us good conversations and trying to keep up with the newsflow. The headlines came out, there was one, Paul saw it, I missed it. Paul saw it, and Paul Sweeney saved us. And then a couple minutes later there was more than a few headlines and oil went down ten dollars. I don't have anything to do with this.
I'm in a hermetically sealed room, and they just know what to do. The team SI one and all the rest of them, and all of a sudden on the phone is Patrick Sykes of the University of Cambridge in Istanbul, driving all of our midies breaking new coverage. That's the advantage we have is to get Patrick Syke's interpretation as the news breaks and oil goes down ten dollars, and we get lucky, and so much of this, folks is
get lucky. We get lucky to go to Margaret Brennan a CBS to talk about facination, of course, and that's out on Bloomberg Radio Sunday after noon. We also got lucky that Darryl Kronk joined us with Wills Fargo. He's absolutely prodigious in financial mathematics. He's one of my favorite people. He wandered into the studio Darryl Krnk on the moment at hand, to be candid and direct.
They don't care that much about this quarter and what's actually reported. We know it's going to be good, right. The quarter is going to be up thirteen percent on Q one. Forward twelve month earnings are going to be up seventeen to eighteen percent, which is unheard of. This is the sixth straight quarter in a row we've had double digital earnings growth. Right, So it's all about forward guidance. It's all about what they say out into Q two and Q three. That's what's going to separate the winners
from the losers here as we go. And remember we got big banks and financials. Between financials and tech, they're forty six percent of the market cap of the SMP, so they matter, right. What they do is going to drive where we go.
Daryl Kronk, Wells Fargo. I would mention their folks and this is you know, it's not a pro tip, but it's really the way people like Darryl Kronk think. He studied his vbode at Boston University ages ago. The media is very much focused on single statistics, which is fine. You know, the earnings come out in this revenue and this that and the other thing, or even economic data pros comparing contrast, which is the numerator and the denominator. In British talk, they look at ratios, or at American
talk they look at fractions. But I can't say enough about in the earnings. Yeah, look at the single points, but also look at some of the ratios like return on equity and some of the fancier cash flow ratios. Is well, Darryl and I were talking thinking about twenty percent, nineteen percent, seventeen percent, return on equity. They were not in our textbooks years ago. It is a profit juggernaut, at least for now. Ammi Woo Silverman was with us.
She's in derivatives, to say the least in RBC Capital markets, and she was brilliant on how you shift from an oops, I'm wrong, we're not going down short cover or short squeeze out to an OMG, I've got to buy it. Here's Amy Woo Silverman right now.
What we're seeing happening is the beginning of the chase, and oftentimes when we get that beginning of the chase, that is a secondary effect of it. I think we're actually even earlier in terms of the positioning. So it's been this spot up volatil the upmarket, you know, which is kind of the opposite of what we would expect,
really big bid to call options. And then I think even down the line, we might get the mechanics of the gamma squeeze, not the short squeeze, which is why I think there is still some continuation to this momentum.
I have never heard her more optimistic. We bust her chops about it all the time. But you know, the tag team at RBC Capital Markets of Lori Kelvicina and Amy Wi Silverman is exceptionally math focused. The rigidity of their mathematics is noted. And all I can say in these tumultuous times, We're going to continue to get you a cross section of voices as we go down and we spring back this spring on podcasts, where at Apple, where at Spotify, a YouTube podcasts, its single best idea