S&P 500 perfect earnings record on the line

Has the peak been reached in this expansion cycle?

NEW YORK: All through the pandemic era, buying stocks when corporate America delivers its quarterly reporting card has been a reliable winning trade. But the streak may be coming to a close.

While second-quarter profits may look robust when banks start reporting on July 13, the forecast earnings increase of 64% for all firms in the S&P 500 Index probably marks the pinnacle of this expansion cycle.