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Earnings Reports Outperform Expectations as Markets Pull Back Slightly

April 21, 2021

For the first time in quite some time we have had two days of retraction in the S&P 500, however, this looks to be a slip not a fall. As we look at earnings reports as we follow the path to reflation, we have seen very positive data. With 80% of companies outperforming analyst expectations of earnings (FactSet), the fundamentals for economic growth look solid.

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