Among S&P 500 companies that have disclosed results, 86% beat analyst estimates, on pace for the best showing since Bloomberg began tracking the data in 1993. That’s doing little to excite the bulls: shares of reporting companies are actually down about 2% the next day. The result was a relatively flat week in which the S&P 500 stalled about 75 points away from a record.
Among S&P 500 companies that have disclosed results, 86% beat analyst estimates, on pace for the best showing since Bloomberg began tracking the data in 1993. That’s doing little to excite the bulls: shares of reporting companies are actually down about 2% the next day. The result was a relatively flat week in which the S&P 500 stalled about 75 points away from a record.