Are Earnings Really Driving The Market Higher?

Guest Post by Vadim Pokhlebkin It’s corporate earnings season again, and everywhere you turn, analysts talk about the influence of earnings on the broad stock market: US Stocks Surge On Data, 3Q Earnings From JPMorgan, Intel (Wall Street Journal) Stocks Open Down on J&J Earnings (Washington Post) European Stocks Surge; US Earnings Lift Mood (Wall Street Journal) With so much emphasis on earnings, this may come as a shock: The idea of earnings driving the broad stock market is a

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