Earnings Season Usually Means the Biggest Stock Gains
- Reporting period had perfect record since 2013 until February
- Profit’s mojo facing test as major banks announce results
This article is for subscribers only.
How important are profits? A cool 80 percent of S&P 500 gains have come during earnings seasons since 2013. Over that period, stocks had a perfect streak of rising whenever results were being reported.
That the streak ended in February with the most spectacular equity meltdown since 2011 was a reminder that the foundation isn’t invincible.