Market Commentary

April 28, 2024

Earnings season is progressing better than expected which should help to counterbalance inflation worries.

This is a big week in terms of the number of S&P 500 companies reporting, but as of last week, 60% of the index had reported results and the reported beat is +5% according to BofA.

Technology sector beat rate is +10%.

Aggregate numbers have therefore moved higher.