S&P awaits …

Weekly Update

Market headwinds

Published October 28, 2016


While earnings have been generally better than expected so far in this earnings season, stocks have continued to struggle finding enough buyers to push higher. Indeed, small and midcap stocks have broken downward as investors pull back on taking risk. Of the companies that have reported through October 26, 67% have beaten analyst consensus estimates. Since 1999, the historical earnings “beat rate” is 62%.