• What To Make Of A Surprising Earnings Season

    8 monthes ago - By ETF Daily News

    From BlackRock : Market reaction to strong first-quarter earnings has been surprisingly lackluster. Richard Turnill explains our take.
    With many developed market firms having reported first-quarter results, we can say without doubt it's been an unusual earnings season. Strong beats were met with little investor cheer. The worry : Earnings are close to a peak. Yet we see more room for earnings to climb this year and next, and reaffirm our overweight to U.S. equities.
    The muted market reaction to strong earnings has been most evident in the U.S., as shown in the chart below.
    Tax cuts have...
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