The earnings reports for the 4^th quarter are winding down. Thus far the earnings are up about 5% year over year for the quarter, that is about 2% better than previously expected. It is interesting that there was no margin expansion, as the earnings growth came all from revenue growth. As we mentioned before, if Trump gets all of his stimulus passed, it will add $20 to S&P 500 earnings.

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Market in a Minute 2017-2-14