3rd Quarter 2021 Review

A strong second quarter earnings season buoyed stocks early in the third quarter. According to a Wall Street Journal analysis, more than 75% of U.S. companies reported higher revenues in Q2 2021 than Q2 2019. FactSet also reported that 90% of companies delivered positive earnings-per-share and revenue surprises for the quarter. As widely anticipated, falling pandemic risks gave way to surging economic activity that was good for business.