Investors marched into Q2 earnings season with very high expectations. So far, they haven’t been disappointed.
Investors are looking at Q2 earnings season with very high expectations.
According to Refinitiv, S&P 5001 profits are forecast to rise an astounding 73% versus one year ago (for companies that have reported Q2 profits through July 19; the forecast is subject to change).
The reason: we are comparing strong economic growth in Q2 versus one year ago, when lockdowns disrupted the economy and corporate profits.
The Consumer Price Index (CPI), which was released last week, rose a sharp 0.9% in June, according to the U.S. Bureau of Labor Statistics. The core CPI, which excludes food and energy, was also up 0.9%.
U.S. student loan debt totals $1.7 trillion. It is an average debt load of $39,351, according to EducationData.org.
Yet, simple tools can ease that burden and help graduates get out from under their debt.