SFS Insights: Earnings Expectations Continue to Rise
- The summer rally continued last week, the S&P 500 gaining 1.4% and hitting more all-time highs.
- Stock gains ultimately depend on earnings and they continue to look good in both the short and long run.
- Inflation data finally provided some relief, with the Consumer Price Index coming in below expectations.
- Despite reining in expectations, the Fed is still likely to cut rates 1-2 times this year.
