2024-05-27 03:55:00 ET
Summary
- The market has had another week of indecision, trying to make up its mind whether to cheer another blowout earnings quarter by NVIDIA, the darling of one-day options punters, or worry itself into a corner over comments by Fed officials speculating about possible rate hikes if inflation fails to come down more.
- With the first quarter earnings season winding down, the financial performance of US businesses has more than met analysts’ expectations.
- Higher earnings growth - the “E” of the P/E ratio - has kept valuations from moving into bubble territory.
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Earnings Exceeding Expectations