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If things don’t already seem crazy enough, consider this: Eleven percent of S&P 500 companies report today.
Everywhere you look, there are numbers, whether it’s earnings or data. We continue to get great earnings. It’s really amazing how Tech has shined, with
Apple (NASDAQ: AAPL) and
Facebook (NASDAQ: FB) the latest examples. Overall, more than 80% of reporting companies have beaten Wall Street’s estimates.
Amazon (NASDAQ: AMZN) steps to the plate after the close.
There are a lot of people asking if the market is overpriced, but at the end of the day, earnings drive stocks. The bar may be raised after this earnings season, which is why positive forward-looking statements are so valuable.