eked out a gain of nearly 1% for the month, though sell-offs in high tech and growth names made for a volatile stretch."The funny thing about this year is that we've seen more earnings revisions than we've seen stock price performance," Colas told CNBC's "" on Monday. "We've seen 12% upside to earnings expectations this year … It's going to come down to Q2 and Q3 earnings.
"The numbers are still too low, it seems to us, for Q2, so, we should have another strong earnings season coming up, but that will be kind of a tug-of-war until then," said Colas. "Expect a couple more weeks of exactly what you've just seen and then, as earnings begin to show themselves through, another leg higher towards the end of the year," he said.
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