Money with Murphy: Earnings Season: An Unusual Trend
Despite corporate earnings improving over the quarter, stocks are still getting punished. At the end of October, of the nearly 50% of companies in the S&P 500 who had reported quarterly earnings, nearly 80% of those reported better-than-expected results. Yet, those stocks haven’t enjoyed the lift that we would normally see.
Watch this week’s Money with Murphy to learn what this unusual phenomenon might foretell for market performance later this year.