Canaries or Cockroaches?

Forget Football and Baseball for a minute. It is Earnings Season that kicked off this week. It’s that time again when Corporate America submits its report cards. Nearly 75% of the S&P 500 companies, measured by market cap, are scheduled to report in October. The Street expects earnings to increase +8.0% in Q3, compared to a year ago. That would be a solid clip should the estimates become fact. What’s more, revenue is expected to increase +6.3%. Estimates have increased since the quarter started in July. The Street had been looking for a 4.8% increase for Q3...