According to FactSet, we are more than halfway through earnings season. About 59% of the companies in the S&P 500 have reported results for the second quarter. Results are better than expected.

How much better, you ask?

Of those companies that have reported, the vast majority (88%) have reported earnings per share (EPS) that beat analysts’ expectations. In a typical quarter, about 75% of earnings reports are better than expected.

And we’re not talking about outperforming expectations by just a little bit. Companies are reporting EPS that are an average of....More>>>