The Q2 earnings reporting season for the S&P 500 (NYSEARCA: SPY) is wrapped up, and the results are better than expected. The S&P 500 closed out the cycle with approximately 12% year-over-year (YOY) earnings growth, and more is expected in Q3.
As it stands in early September, the consensus forecast is for roughly 7.5% YOY earnings growth from the index in Q3, and far stronger results are likely. Not only has the index outperformed consensus historically, but the Q2 margin of error was wider than usual.
