Earnings season is throwing a curveball—companies are beating estimates, yet the market’s staying cool. With a sky-high bar set by a stellar Q1, even slight wins get ignored, while misses trigger steep drops. Europe’s seeing the same chill response. Fund managers are baffled, saying the market already priced in the good news. Big names like Texas Instruments and Nokia are getting punished despite decent reports. The real litmus test? Tech giants Microsoft, Meta, and Apple are up next—will they reignite the rally or confirm this new “meh” market mood?
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