The inflation-fighting Federal Reserve is aggressively hiking its interest rates, raising concerns of a possible recession. Current macroeconomic and geo-political headwinds have been weighing in on the investors’ sentiments leading to widespread volatility in the market.
However, U.S. companies reporting mostly positive news this earnings season are providing some relief. According to IBES data from Refinitiv, as of Tuesday, S&P 500 company earnings are estimated to have increased 8.1% year-over-year, and about 78% of earnings reports are beating Wall Street expectations.
