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US – earnings boost

1. 73% of the S&P500 companies that have reported beat EPS estimates.

2. EPS growth is running at +6% y/y, surprising positively by 4%.

3. Most sectors are seeing positive earnings surprises, with Tech earnings being particularly strong.

4. The better than expected S&P500 results are likely to lead to a significant inflection higher in the blended earnings growth rate for the region (see chart below)

Source: JPM


 Trader Milko Zashev


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