Mike Santoli: Why eye-popping earnings expectations have failed to lift the market for two months

Ahead of second-quarter results, the market narrative is that ~24% year-over-year growth makes equities look fairly priced. The article provides no company-specific earnings figures, guidance, or policy changes, implying limited incremental information for portfolios.

Analysis

Ahead of second-quarter results, the market narrative is that ~24% year-over-year growth makes equities look fairly priced. The article provides no company-specific earnings figures, guidance, or policy changes, implying limited incremental information for portfolios.