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As 21Q2 earnings season concludes, we move our lens to the next quarter to gauge earnings momentum.
Encouragingly, the S&P 500 21Q3 earnings growth rate forecast has steadily improved over the last three months and currently stands at 29.8%.
In this note, we focus our attention to company behaviour in the form of pre-announcement data, which can help assess whether companies feel bullish or bearish about their own prospects.