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)
Trader Milko Zashev