Cost cutting has improved operating margins, and earnings have come in above consensus. The strong companies are getting stronger.
More Quotes from Subodh Kumar:
With close to 20 per cent of the SP 500 companies having reported, year-over-year operating earnings growth for the third quarter at 14.9 per cent appears in line (versus above consensus for recent quarters) but still good,Subodh Kumar
I think we're in a situation where some earnings will miss (forecasts), but not as much as some bearish people expect, ... If this is the case, the SP 500 is likely to remain in the trading range it's been in.
Subodh Kumar
The main focus today is the Fed. After the decision, investors will once again focus on the fundamentals of the U.S. economy and on company earnings.
Subodh Kumar
Very high short interest numbers could be a positive for the market since it suggests this market rally was not expected by bears. If the market has recovered, then people have to cover their short positions, which means there will be more buying power.
Subodh Kumar
The market is showing the classic signs of the beginning of a cycle, a new bull market.
Subodh Kumar
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