Bank of America on Q3 earnings:
nearly 80% of S&P 500 index have reported so farsigns that the season will remain strongconsensus EPS is now up 2% vs. where it stood as of October 1, which means its tracking +6% YoY, in line with our forecast 68%/57%/45% beat on EPS/sales/both so far, compared to the historical average of 59%/59%/41% and last quarter’s 71%/56%/46%mentions of weak demand have jumped but signs its bottomed …. worst in de-stocking is behind us
S&P 500 update:
The amount of words that have been written about this tiny pullback …. sheesh.
This article was written by Eamonn Sheridan at www.forexlive.com.
