If you were to sum up the key theme emerging from second quarter earnings season with one phrase, it'd have to be: "It's the revenue, stupid!"
That's because compared to earnings, which have been seen 72% of companies beating consensus, the sales side has been a huge disappointment.
April Auto Sales Should Help Quell Fears on 2nd Quarter Growth
The Unfortunate Truth About an Overbought Stock Market
Writing about financial markets is probably the most challenging endeavor I have ever immersed myself into. I am a trader first and a writer second, but I have really come to enjoy scribing missives about financial markets because it really forces me to concentrate on my analysis.