Three Things To Know Right Now

Second Quarter Earnings Have Been Really Good

  • As of last Friday, 74% of companies in the S&P 500 have reported earnings above the mean estimate and 65% have reported sales above the mean estimate.
  • The 65% reporting better sales than expected is great news. ┬áThis could mean that some of the concern about stock buybacks driving the bull market is overblown.

The Reach For Yield Might Be Cooling Down

The Market Is Crying Wolf