Two accountants broke down this earnings season and found the 'biggest surprise' was how good it's been
1. 81% of S&P 500 companies beat revenue forecasts in Q2. 2. Year-on-year earnings growth rate of S&P 500 is 11.8%. 3. AI boom is counteracting tariff concerns, boosting earnings. 4. Top sectors include tech, financial, and consumer discretionary services. 5. Positive EPS surprises are at their highest since Q3 2023.