While macroeconomic indicators tell a different story, what with the GDP growing at 5.7% in the June quarter — the economy’s slowest pace of growth in the past three years, and the CPI inflation in August rising to 3.36%, the markets seem to remain on solid ground. During the Q2 earnings season, by the looks of it, the market expects the earnings cycle to be more positive than negative. What else can be keeping them buoyant at this point, when macroeconomic indicators are far from rosy.
While markets seem to be betting on a better-than expected earnings season, the numbers tell a different story
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