Here we are again, closing out Q2 earnings season for the U.S. and Canadian equity markets. The S&P 500 is now over 84% complete and keeping with standard practice, has seen positive surprise rates of about 80%. As inflation has continued to be a positive for corporate earnings combined with an economy that keeps on chugging along, it’s a decent earnings season. Q2 S&P 500 earnings are sitting at about $52, roughly flat with last quarter and up a little from Q2 2022.

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