Profit surprises are normalizing — and that may signal a healthier stock market, say Citi strategists
Summary
Citi strategists report that S&P 500 profit surprises are returning to more typical levels. This smaller margin of earnings beats compared to recent quarters could indicate a healthier overall stock market.
Although the majority of S&P 500 companies reported earnings above analysts’ expectations, the beats were significantly lower than in more recent quarters.
Source: Read the full story at MarketWatch.com - Top Stories
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