Review the latest Weekly Headings by CIO Larry Adam.
Today marks the start of a three day celebration in honor of what would have been John Glenn’s 100th birthday. Between making the first supersonic transcontinental flight, becoming the first American to orbit Earth and the eldest to fly in space at the age of 77, and serving four terms as a US Senator for the state of Ohio, he has a seemingly endless, impressive list of accomplishments. While it may not garner quite as many accolades as the renowned astronaut and politician, this 2Q21 earnings season is set to earn its own long list of records, which should include the best quarter of earnings growth since at least 2002, record revenues, and record earnings growth for some sectors. The results may be worthy of a celebration, but as the economy and earnings complete their launch from the COVID-induced lows, it’s important to realize that results such as these may come once in a blue moon.
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