S&P 500 Q2 Earnings: Stripping Out the Outsized Impact of Alphabet and Micron

Q2 earnings are shaping up as broad-based strength: companies are comfortably beating consensus, despite consensus having been revised upward ahead of results. At the same time, the pace of earnings growth is accelerating noticeably, suggesting improving underlying fundamentals and supporting a positive near-term earnings tone.

Analysis

Q2 earnings are shaping up as broad-based strength: companies are comfortably beating consensus, despite consensus having been revised upward ahead of results. At the same time, the pace of earnings growth is accelerating noticeably, suggesting improving underlying fundamentals and supporting a positive near-term earnings tone.