BNY’s Bob Savage notes that Q1 S&P 500 earnings are strong but upside versus expectations is modest, with uneven Q2 and full‑year guidance.
BNY’s Bob Savage notes that Q1 S&P 500 earnings are strong but upside versus expectations is modest, with uneven Q2 and full‑year guidance. Sector leadership is concentrated in semiconductors, AI-linked names and parts of energy, while defense lags.