Finance

“The Bar Was Set Extremely Low”: Why Stocks Are Melting Up This Earnings Season

Three weeks in the past, simply earlier than JPM and the massive banks put the official begin to Q2 earnings season, we clarify why “The Worst Earnings Season” Since The Covid Pandmic Could Send Stocks Surging.” In brief: the expectations bar was set manner too lengthy (in no small half because of Mike Wilson’s apocalyptic forecasts), and contemplating spoos have risen as a lot as 100 factors since then, we had been proper.

So the place will we stand now that we’re midway finished with earnings: can the melt-up proceed?

Here are the numbers: 252 members of the S&P 500 have reported Q2 earnings (and 65% of cap). This week was the busiest week of the season w/ 48% of S&P’s cap reporting. Next week we get 15% of cap w/ AAPL & AMZN publish shut on 8/3 as highlights (under we preview these two courtesy of Goldman’s TMT buying and selling group). 

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