Inflation, ESG Top Concerns Heading Into Q2 Earnings Season

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Traders are gearing up for another earnings season. S&P 500 companies have handily beaten analyst expectations in each of the last four reporting periods, so expectations are likely growing loftier. Market analysts and economists have been raising earnings outlooks for the balance of 2021. Just last week, the Federal Reserve raised its 2021 GDP growth outlook. The FOMC now expects 7.0% growth of the U.S. economy this year, which would be the highest since 1984’s 7.2% gain.