This Is Why Second Quarter Earnings Season Is Set to Boost Stocks Even Further
Earnings vs. stocks.
Stocks gained steam in the first half of 2017 thanks to strong earnings and one expert expects a similar boost in the current reporting season.
Brad McMillan, chief investment officer at Commonwealth Financial Network, uses banking earnings as a barometer for the rest of the season and said that even tough bond trading performance was lackluster for Goldman Sachs (GS) - Get Report , Morgan Stanley (MS) - Get Report and Citigroup (C) - Get Report , their underlying businesses are strong.
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