Earnings say we’re early cycle: Morning Brief

Wednesday, February 10, 2021

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People keep calling bubbles, but this cycle is just getting started.

Fourth quarter earnings season is rolling along and results to date have been fantastic.

As Sam Ro chronicled in Monday’s Morning Brief, through last week 81% of companies in the S&P 500 that had reported earnings so far beat expectations by an average of 15.2%.

At the end of 2020, we argued in this…


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