Closing Q3 Earnings Season: Looking Ahead

The earnings season was good but failed to assuage investor concerns that earnings growth remains concentrated. Tepid earnings and sales beats were somewhat concerning. However, based on company commentaries, the US economy remains sound. While challenges remain, such as slowing global growth, a strong dollar, and weakness among lower-income consumers, companies see them as surmountable. The market expects earnings growth to broaden in 2025. We concur as long as there are no major disruptive events.