Ned Davis Research's Ed Clissold sees the market grinding higher as more earnings reports beat analyst estimates.
div > div.group > p:first-child"> Ned Davis Research's Ed Clissold cites a better-than-expected earnings season as a key factor in his bullish forecast.
According to Clissold, despite fears of an earnings recession, the ingredients were never quite evident. It appears Wall Street worries over earnings are fading fast. With just 16% of the S&P 500 firms reporting quarterly numbers, the S&P and Nasdaq closed at record highs of 2,933 and 8,120, respectively, on Tuesday.
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