CNBC: “Why better-than-expected earnings this reporting season may have trouble boosting market further”By datatrekresearch in IN THE NEWS
Excerpt from CNBC quoting DataTrek co-founder Nick Colas:
.... "No wonder bulls are praying for the market to broaden out. It’s the easiest path to get the overall market higher.
“While headline S&P 500 Q2 revenue and profit growth will likely prove uninspiring, at the sector level there are many groups performing reasonably well,” Nicholas Colas from DataTrek said in a recent note to clients. “This should encourage investors to look for opportunities outside of Big Tech and perhaps allow other groups to play catch up after lagging the overall market year to date"....
Full article here on CNBC.