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We wanted to know what your thoughts are on the upcoming earnings season.  In today’s poll we asked: Do you think S&P 500 earnings will surprise more to the upside or downside this quarter?

In the video below Macro Associate Christian Drake tells us why he thinks lowered earnings estimates and increased stock buybacks will  likely correspond to S&P 500 earnings surprising to the upside.  Can companies accelerate sales or expand margin growth? That’s a different question and Drake says that neither seem likely.