Bassanese Bites: US Bond breakout – Week beginning: 23 April 2018

It was a better week for global equities as fallout from the Syrian airstrikes was limited allowing markets to re-focus on a positive US earnings reporting season.  According to FactSet Research, around 80% of the 17% of US S&P 500 companies that have reported so far have beaten expectations, compared to a 5-year average of 70%.  At 5.9%, the average percentage earnings beat is also above the 5-year average (4.3%) – but so far at least, according to FactSet estimates, the market has been less rewarding than usual to companies that beat estimates.

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