The Stock Market Is Completely Ignoring Negative Earnings Guidance. Why?

It should be an unnerving time for equities investors. As of July 3, 88 out of 114 S&P 500 companies that released earnings and issued earning-per-share guidance for the third quarter gave negative guidance, according to FactSet. In other words, looking at their third quarters, 77% expected lower EPS than they did at the same […]