Meanwhile in Corporate Earnings, Everything Is Rosy

Percentage of U.S. companies beating estimate hits 7-year high
Earnings growth set to be the strongest since late 2011

A Wall Street sign is seen in front of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Dec. 18, 2017.Photographer: Michael Nagle/Bloomberg

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By Blaise Robinson

February 2, 2018 at 3:07 PM UTC

This article is for subscribers only.

You can’t blame company fundamentals for the global equity selloff.

About half way into the earnings season, a whopping 81 percent of U.S. companies have managed to beat analyst expectations -- the highest level in seven years -- with eight of the 11 major sectors reporting double-digit profit growth, according to strategists at JPMorgan Chase & Co.