FYI: While nobody doubts earnings are soaring, the question is whether they’re soaring enough to restore order in the stock market. And while there’s signs investors expect them to, right now the verdict is worrying.
So far -- and it’s early -- the impact of income reports has been muted. Stocks are falling after companies release results, almost regardless of how good they are. Among 29 members of the S&P 500 that announced earnings through Friday, even those that beat analyst estimates saw shares trail in first-day reactions, data compiled by Wells Fargo & Co. showed.
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https://www.fa-mag.com/news/it-may-be-impossible-for-earnings-to-satisfy-the-bulls-right-now-38156.html?print
