@abj0404
S&P 500 earnings estimates up 4% from January.
Goldman confirmed it. Markets rallied on it.
Goldman also confirmed: two companies — Exxon and Micron — did most of the work. The median S&P 500 name saw no meaningful revision.
That's not broad strength. That's two names carrying 500.
The market priced a verdict. It was a sample size of two.
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