Dovish Fed Needed

April 29, 2024
Author: Peter Stolcers, Founder of OneOption

This is a busy news week with earnings, economic releases and the FOMC statement.

PRE-OPEN MARKET COMMENTS MONDAY - Earnings season is in full bloom and the results so far have been in line with historical results. The blended earnings growth rate for Q1 S&P 500 EPS currently stands at 3.5% and that is inline with expectations. The blended revenue growth rate is 4.0%. Of the 46% of S&P 500 companies that have reported for Q1, 77% have beaten consensus EPS expectations. This is also in line with historic performance. AMZN will report after the close Tuesday and AAPL will report after the close Thursday.

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