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S&P 500 revenues are expected to grow by 4.4% this Q once all the reports are in. That's twice as fast as US GDP growth. That's hotness.
Given this backdrop, why would people be shocked that we're sitting near highs and leadership is rotating among tech, industrials, health?
Earnings for Q2: 68% of the S&P 500 names reporting beat on earnings, 75% beat on sales and 53% beat on both, via BAML