Wall Street's bumper earnings season will shine on the ASX

The better-than-expected earnings season across the US market is a strong pointer to our own market in weeks to come.

Summary: The US earnings season is showing good signs for domestic retail investors, even those that don't hold global stocks in their portfolio. Already half way through reporting their results so far, just over 80% of US companies have reported positive earnings surprises and 61% have shown positive sales surprises. Moreover, the results are robust, with earnings growth in the last quarter well above the average.

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