Q3 Earnings So Far: Coulda Been Worse, But...
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Welcome to the weekend, everybody. And, we're sure glad this past week is behind us. While stocks technically made progress on a close-to-close basis, it just felt like every inch of that gain was a grind,
you know? Hopefully things will either be much easier for the bulls in the coming week,
or the bears will take over for a few days and really give us something of a mini-capitulation. I'm ok with either one of those outcomes. I'm just not ok with this slow, laboring effort that doesn't do anybody any real good.
Anyway, we finally got the long-awaited update on Q3's earnings result for the S&P 500. I gotta say, I was pleasantly surprised how well the market's major stocks turned things around from last week's alarming early results. I still wouldn't classify them as "good", but sometimes, relative success is "good enough" to keep the buyers coming to the table.