The Q3 earnings season is opening under macro pressure

Earnings season’s bar has been lowered, but that doesn’t mean it’s easier to clear. Analysts expect U.S. companies to post softer profit growth in Q3 — roughly half the pace of the spring surge — as margin magic gives way to cost math. Big Tech is still doing the heavy lifting, but for everyone else, “resilient consumer demand” has started to sound like a dare. After two quarters of double-digit gains, earnings growth for the S&P 500 is projected to slow to about 8.8% year-over-year , down from roughly 13 ...