Another round of earnings season is coming this week. US conglomerates are expected to reveal the strongest ever rebound in revenue second-quarter earnings season, supported by the scale of the recovery in corporate America’s fortunes since the depths of 2020.
While earnings are expected to reach a peak in the second quarter, the above chart also illustrates how sharp they fell a year ago, when households and much of the economy were bruised badly by the global public health crisis.
More broadly, companies in the...

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