Third Quarter 2017 Earnings PreviewMarket Commentary |
Third quarter earnings season is underway this week (October 9–13) and it should be another good one. The S&P 500 Index has exceeded earnings expectations 33 straight quarters and we see no reason why the third quarter won’t continue that trend. However, earnings growth should fall short of the stellar results and double-digit pace of the past two quarters. We don’t like bad news, but earnings growth may slow down this quarter for several reasons.
John Lynch Chief Investment Strategist, LPL Financial
Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial