Corporate Earnings Were Great This Quarter. Wall Street Is Still Not Impressed.
1. Over 80% of S&P 500 companies beat Q3 earnings estimates. 2. S&P 500 rose only 1.3% since Oct. 14 despite strong earnings. 3. Concerns over AI spending and consumer sentiment weighed on investor confidence. 4. High stock valuations led to increased skepticism among investors. 5. Market consolidation may precede year-end rallies, according to some analysts.