Can robust S&P 500 earnings outweigh AI market turbulence?
Investing.com -- The strength of second-quarter corporate earnings is supporting the stock market even as AI-related stocks continue to experience sharp swings, according to Goldman Sachs. "AI stock volatility during the past week has continued to follow the typical historical pattern following sharp Momentum rallies," strategists led by Ben Snider said in a note, adding that the sharpest momentum rallies in recent decades have usually been followed by periods of consolidation similar to the recent drawdown.
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Investing.com -- The strength of second-quarter corporate earnings is supporting the stock market even as AI-related stocks continue to experience sharp swings, according to Goldman Sachs. "AI stock volatility during the past week has continued to follow the typical historical pattern following sharp Momentum rallies," strategists led by Ben Snider said in a note, adding that the sharpest momentum rallies in recent decades have usually been followed by periods of consolidation similar to the recent drawdown. While earnings will ultimately determine the trade’s direction, the strategists said both history and recent investor deleveraging "suggest an improved outlook going forward." 61% of S&P 500 companies had reported results as of July 31, with 64% beating consensus EPS forecasts by at least a standard deviation, one of the highest levels on record, Goldman noted. S&P 500 EPS growth is tracking at 26% year-over-year excluding "other income" from mega-cap tech’s appreciating equity investments.
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- Investing.com -- The strength of second-quarter corporate earnings is supporting the stock market even as AI-related stocks continue to experience sharp swings, according to Goldman Sachs. "AI stock volatility during the past week has continued to follow the typical historical pattern following sharp Momentum rallies," strategists led by Ben Snider said in a note, adding that the sharpest momentum rallies in recent decades have usually been followed by periods of consolidation similar to the recent drawdown.
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Can robust S&P 500 earnings outweigh AI market turbulence?
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