Business
Profit surprises are normalizing — and that may signal a healthier stock market, say Citi strategists
CRAYON summary
MarketWatch reports that while most S&P 500 companies reported earnings above analysts' expectations, the size of those beats was significantly smaller than in recent quarters. According to the headline, Citi strategists say this normalizing of profit surprises may signal a healthier stock market.
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Profit surprises are normalizing — and that may signal a healthier stock market, say Citi strategists
Although the majority of S&P 500 companies reported earnings above analysts’ expectations, the beats were significantly lower than in more recent quarters.
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