Corporate America is on fire—profits are soaring, 93% of earnings reports beat expectations, and growth is hitting 20% for the second straight quarter. Big tech isn’t the only star: Micron, Chevron, and Exxon are driving gains, with the entire S&P 500 on track for its strongest performance since 2021. Yet here’s the twist: stocks are actually falling after strong earnings, because the market’s already priced in this optimism. The disconnect? Profits are looking better than in 15 years, but Wall Street’s still waiting for the next big catalyst.
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