gettyWith the vast majority of earnings reports complete in the wake of the busiest week of the season, the headline earnings decline moderated to better than the decline expected at the end of the quarter. An analysis of Berkshire’s second-quarter earnings report shows that another $1.4 billion in Chevron was sold last quarter. S&P 500 Earnings Estimate Summary Glenview Trust, FactSetOutside of earnings season, last week’s jobs report added gave no reason to doubt that the short-term probability of a recession remains very low. Monthly Job Growth Glenview Trust, BloombergWhatever your preferred job measure, the bond market tells you that the economy remains in growth mode at 10-year Treasury yields have climbed above 4%. Wage Growth Glenview Trust, BloombergWith the busiest week of earnings effectively putting a bow on earnings season, the final result was earnings outperforming the ugly consensus estimates on June 30.

Source: Forbes August 06, 2023 16:39 UTC