The stock market just told you something important this earnings season. 85% of S&P 500 companies reporting have beaten analyst estimates β by an average upside surprise of 37%. That's not a market on the edge of recession. That's a market where fear is creating gaps between what businesses are actually doing and what the headlines are saying. The investors paying attention to earnings instead of macro noise are going to be very happy a year from now. $AMD$SOFI$MRVL$AMZN$GOOGL$CELH
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13 Comments
Harfang @harfang Β· 1mo
Yeah lets just deny those earnings are being manipulated by SPEs/SPVs
Wager @abudancefreedom Β· 1mo
In a market full of fear mongers, I like the bulls!ππ Keep up the good work.π«‘
Lamar @aleitheia712 Β· 1moEdited
Thank you for saying this. The underlying fundamentals across these companies are very strong, and a lot of the volatility is based on emotion rather than fact. When we look at the numbers you should be buying, that's what I'm doing.
Leo @l3onel Β· 1mo
I heard that on bloomberg radio 85% of sp 500 companies beat estimates
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