Big Tech earnings wont be make or break for the stock market: Morning Brief

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Earnings Growth News

Big Tech,Earnings Season,Market Volatility

For all the hand-wringing about the concentration of outsized gains in the hands of a magnificent few, stock bulls have two reasons to cheer as earnings...

But for all the hand-wringing about the concentration of outsized gains in the hands of a magnificent few, stock bulls have two reasons to cheer as earnings season intensifies.wrote$1.25 trillion in market cap value over seven sessions recently — just as the small-cap stocks started asserting strength.

The trillion-plus drop in valuation by the Mag Seven represented an 8% fall in price — yet the overall market was off only 2% over the same time. Timing is everything.S&P 493 EARNINGS GROWTH TURNING POSITIVE Earnings per share for the S&P 493 have been "flat to down for the past five quarters," wrote BofA, even as EPS growth for all 500 names turned positive three quarters ago.This newfound strength for the rest of the market comes just as earnings growth is "expected to slow for the Magnificent Seven for the second straight quarter and again in the .

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