Will Stocks Survive Earnings Season Uncertainty? Almost Probably.

Earnings season is here, and it looks like a nail-biter. The consensus view has second-quarter earnings per share underlying the S&P 500 index plunging 44% versus a year ago to just over $23. (BAC) Global Research and Goldman Sachs recently published reports explaining exactly what to expect from the numbers, and they disagree on everything but the dollar symbols.

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