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The 47% earnings headline has an asterisk… the sector actually carrying the load… and the guy who keeps building things nobody saw coming
The second-quarter earnings season has turned into one of the strongest in years.
The S&P 500 is on pace for blended earnings growth of 47.4% for Q2. If that holds, it’ll be the best growth rate the index has posted since Q2 2021.
Just one week ago, that estimate sat at 38.0%. Two weeks before that, it was 23.2%. In other words, this number has nearly doubled in a month.
