FYI: The stock market may be rip-roaring higher, but earnings aren't keeping pace. That's according to a new report from FactSet indicating corporate profit growth hit a road bump during the latest quarter. Yet equity ETFs are soaring.
Aggregate earnings for S&P 500 companies may only increase by 2.1% in Q3, the slowest rate of the year. That follows growth of 13.9% in Q1 and 10.3% in Q2.
Regards,
Ted
http://www.etf.com/sections/features-and-news/earnings-not-sole-driver-stock-etfs-rally?nopaging=1
