Excerpt from CNBC quoting DataTrek co-founder Nick Colas:

…. “Markets clearly believe Q2 earnings reports will far exceed expectations,” DataTrek’s Nicholas Colas said in a recent note to clients. “The ‘right’ earnings growth rate for Q2 is likely closer to 80 percent assuming S&P EPS is only the same as Q1 2021. … It could be closer to 100 percent if US corporate earnings power has improved since then”….

…. “For Colas, it’s a lot simpler. “U.S. earnings season needs to be awesome” to keep prices up, he said”….

Read the whole article here on CNBC!