We are early in the 3Q earnings season and, so far, earnings are beating expectations. Companies that are surprising to the upside are rallying, especially when their corporate outlook for the future is positive. Importantly, when we look at projected earnings of the next 12-months globally, the U.S. is forecast to have the best earnings in the world! Strong earnings growth and the best earnings in the world are powering stocks higher, driving the S&P 500 and Dow Jones Industrial Average to record highs.
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