Part 1

A Primer on Earnings Season—The True Driver of Stock Returns

We are lucky in the financial world that we get to celebrate four Super Bowl-level events a year. By that we mean the earnings season, which typically starts a few weeks after the end of each quarter. 

It’d be a slight overstatement to say that investors live for earnings season, but at the same time, it’s not out of the ordinary to see analysts waking up at 4 a.m. to read earnings reports and tune into calls—many of which happen before the market open. Some also stay late to trac...

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