If you thought last night’s game was a snoozefest, pre-market trading hasn’t been any better as futures have been trading on either side of unchanged all morning. We’re still right thick in the middle of earnings season, though, so the pace of news is likely to pick up later today, especially when Alphabet (GOOGL) reports after the close. Read all about it in today’s Bespoke Morning Lineup.
Speaking of earnings season, they don’t get much better than the one we are in right now. At least in terms of how the stocks of companies reporting are reacting. The average performance of stocks on their earnings reaction days so far this earnings season has been a gain of 1.12%. If this pace keeps up for the remainder of the reporting period, it would be the best earnings season in terms of stock performance since the early stages of the bull market. That’s pretty impressive.
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