Why markets are going up after earnings for S&P500?
1) 8.4% q earnings higher than 2021
2) 5.4% earnings above market expectations
3) 12.90% q revenue higher than 2021
4) 2.5% revenue above market expectations
Source :CNBC
Q2 results are positive. Only concern is future projection which some S&P500 companies did not provide guidance.
Job report is beyond market expectations, but that could be a lagging indicator. If economy is bad the last thing employer wants is to reduce their headcount.
I'm on the camp that all indication today doesn't guarantee that we have bottom in 2022. Let's wait for the next CPI report.
$S&P 500(.SPX)$$SPDR® S&P 500® ETF Trust(SPY.AU)$
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