Strong earnings surprise in Q2
@SmartReversals:
The latest update on second-quarter investment-grade earnings reveals a positive surprise of 5.5%, slightly lower than the 6.7% surprise in the first quarter but significantly higher than the pre-Covid average of 3.7%.Yes, the market was overextended just three weeks ago, but anyway, this is an interesting view when comparing the current context with 2022. $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $iShares Russell 2000 ETF(IWM)$ $Cboe Volatility Index(VIX)$ $Vanguard Total Stock Market ETF(VTI)$