The Everything Rally
MRKT Matrix
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The Negative Impact of Positive Guidance on Earnings
There was less negativity coming into this earnings season from both the companies and the analysts. As a result of some of this more positive guidance, we saw smaller cuts to estimates than average coming this earnings season. Analysts in aggregate took down their earnings expectations for the S&P 500 by 3% from March and to March to the end of June.
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