Bloomberg Surveillance · Monday, July 13, 2026
Steve, a retiring analyst, stated that earnings are 'exploding to the upside,' with current estimates potentially being too low. He anticipates that this earnings season will show over 22% year-over-year growth, reinforcing the bull case for the market, even though stocks have already risen significantly.
“The long term, a lot of things are going right. I mean, earnings are exploding to the upside, Jonathan. I mean this bullmarket started with earnings down below two hundred dollars and we're looking at four point fifty. We raised our numbers twice now on twenty eight earnings. Kind of we'd like to look at where things are heading.”
“I think this earning season, you know, looking at plus twenty twenty two percent year over year earnings growth, and those numbers are probably too low.”
“So yeah, I mean, the earnings stocks eat norminal earnings, and some of that is inflation. For sure, but that's why people invest in stocks and hot bonds because they eat nominal earnings. And yeah, I think it's going to reinforce the case.”