MARKETS SPECTATOR: Upside surprise

First-half earnings show the highest upside surprise bias in seven years, according to Goldman Sachs.

Goldman Sachs has released a report looking back at the current earnings season and how it’s panned out compared to expectations.

Ahead of the reporting season, the bulk of analysts and brokers were very worried that the results were not going to be able to justify the recent run-up in prices. However, results have generally been pretty solid and largely supported prices.

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