Traders' Insight: That’s A Wrap – Q2 2022 Earnings Season Closes Out With Retail And Enterprise Tech Reports
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- S&P 500 EPS growth for Q2 is unchanged from last week at 6.7%, the lowest level since Q4 2020
- Retail reports last week showed a US consumer that was still strong in the second quarter, but that could be waning as we head into the second half of the year.
- The LERI ends the season with the highest reading in a year-and-a-half, pointing to a general feeling of uncertainty amongst US corporations.
- Q2 earnings season continues to wrap-up with final reports from retail and tech.
Last week we got some intel on the US consumer as retailers started reporting Q2 2022 earnings and July Retail Sales were published. While most of the news was positive, there were some hints of softening on the horizon.