Read the full article on Seeking Alpha.
Excerpt:
The summer stock market swoon has finally struck. Losses from the highs reached on the morning of July 27 have not been all that dramatic, however. Still, large caps and small caps, domestic and foreign equities, have pulled back as the dog days of August roll on. You can’t blame this mini-correction on earnings season – the S&P 500 EPS beat rate has been just shy of 80%, above the 5-year average.
For now, key clues come from individual company earnings events and corporate body language. We highlight a pair of unusual quarterly reports on tap, along with a dividend resumption from a familiar low-cost airline.
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