Proof that the stock market has been expecting a lot worse 🤯
Companies missing earnings estimates are watching their stock prices rise 📈
“What stands out about the current earnings season is that the average company missing consensus profit estimates has seen its share price rise,” Keith Lerner, co-CIO and chief market strategist for Truist Advisory Services, wrote in a research note Wednesday. “This is the first time this has occurred over the past five years.”
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