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Opinion
John Authers

Here's a Silly Game That Should Make Stocks Go Up

The business of beating earnings estimates is a charade, but there’s genuine reason for optimism in the latest data. 

This season’s earnings game offers genuine grounds for optimism.

This season’s earnings game offers genuine grounds for optimism.

Photographer: Justin Sullivan/Getty Images

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Amid all the evidence of mad and irrational behavior in markets, we can at least be grateful that this has so far been an earnings season for the ages. The corporate sector — particularly in the U.S. and particularly in technology, but also in the rest of the world — is still recovering swiftly from last year’s pandemic.