Yearnings for Earnings
Starting this week and for the next three weeks, Wall Street’s attention turns to turns to quarterly earnings. Capital IQ consensus is expecting a 1% DECLINE in the 2nd quarter operating earnings to be reported in the days ahead. IF the numbers are as dreary as the consensus of ANALysts are predicting, this is going to be a messy time ahead for the market of stocks. On the other hand, there is often a positive spread between the expectations versus the actual numbers and that could usher in a brief time of mirth and merriment before the August doldrums set in. Which will it be??
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