Earnings Are Crushing It. Stocks Are Getting Crushed. Why Next Week Is Crucial.

Investors are discounting the earnings story this summer, contrasting with the spring rally that helped stocks reach a record high in early June. The report says nearly 85% of companies beat analyst estimates, compared with roughly 80% on average recently and about 68% historically, yet the market response remains muted. LSEG data cited in the piece points to overall second-quarter profit growth of 27%. Full-year earnings growth forecasts also stay elevated, with analysts projecting a 29.6% increase from 2025 levels, followed by slower growth of about 17% in 2026. The article frames next week as a key moment for markets as investors weigh solid results against broader conditions later in the year.