The earnings season is almost over and the results are definite - the best Q1 Ever! Proof of this is the SP500 Index Positive Surprises, which reached 82% for the first time. What does this mean? The financial results of 82% of the US benchmark companies reported better than expected earnings. However, the reaction on the market was reverse and mainly because of the banking and technology sector. Despite the good financial results, the scandal around Facebook is heavy on technology companies and hence on indexes.
What next?
The bullish trend is likely to remain, as companies are in good health, and investors will notice this very quickly after scandals and geopolitical risks subsided. If we look for the "opinion" on Wall Street, we will hear a single barrier to the markets and this is the commercial war that Trump so cleverly wants to start. If we witness the warming of relations between the US and China, it is possible that the shares will reach the peaks by the end of 2017.
Source: Bloomberg Pro Terminal
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