We're in the thick of the Q2 earnings season, and we're finally getting to see the impacts that tariffs and the challenged macroeconomy are having on actual business results: and in many cases, the results aren't as pretty as the highflying stock market Analyst's Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not re ...

The stock markets are beginning a potential correction as we move deeper into the Q2 earnings season. Throughout most of 2025, the sharp rally in the S&P 500 and growing retail investor enthusiasm for risky stocks have been juxtaposed against a tougher Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeki ...

Group 1 - The Q2 earnings season reveals that markets are struggling to maintain recent all-time highs, with even strong earnings failing to support many momentum stocks [1] - Gary Alexander, with extensive experience in technology companies and startups, provides insights into current industry themes and has been a contributor to Seeking Alpha since 2017 [1] Group 2 - The article does not provide specific financial data or performance metrics related to companies or industries [2][3]

Market Overview - The current stock market is described as precarious, with the Q2 earnings season showing numerous significant earnings beats and "beat and raise" quarters that exceeded consensus expectations [1] Analyst Insights - Gary Alexander, with extensive experience in technology companies and startups, provides insights into the themes shaping the industry today [1]

Group 1 - The S&P 500 is struggling to maintain recent market highs despite strong earnings from the tech sector, indicating a disconnect with the broader macroeconomic environment [1] - The tech sector's performance is notable as it continues to show resilience amid economic uncertainties [1] - Gary Alexander, with extensive experience in technology and startups, provides insights into current industry themes and trends [1] Group 2 - The article emphasizes the importance of understanding the dynamics of the tech sector in the context of overall market performance [1]

Group 1 - The S&P 500 is experiencing all-time market highs, leading to increased investor nervousness during the Q2 earnings season [1] - Companies are under pressure to justify their valuations amidst these market conditions [1] - Gary Alexander has extensive experience in technology sectors, contributing insights that shape industry trends [1] Group 2 - The article does not provide specific financial data or performance metrics related to any companies or sectors [2][3]

Group 1 - The S&P 500 is reaching new records, but there is a disconnect between stock performance and the current macroeconomic conditions [1] - Many companies, especially those linked to consumer spending, are reporting earnings as the Q2 earnings season begins [1] Group 2 - Gary Alexander has extensive experience in technology sectors, both on Wall Street and in Silicon Valley, influencing his insights into current industry trends [1]

Market Outlook - The S&P 500 is approaching 6,400 as the market enters the Q2 earnings season, indicating a bearish outlook for the remainder of the year [1] Analyst Background - Gary Alexander has extensive experience covering technology companies on Wall Street and working in Silicon Valley, providing insights into current industry themes [1] - He has been a contributor on Seeking Alpha since 2017 and has been quoted in various web publications, with his articles syndicated to popular trading apps like Robinhood [1]

Group 1: Market Overview - Pre-market futures indicate a positive start to the trading week, with the Dow up 70 points, S&P 500 up 10 points, Nasdaq up 25 points, and Russell 2000 up 13 points, although all indexes are off their all-time highs from earlier in the month [1] Group 2: Company Earnings - Cleveland-Cliffs (CLF) reported a loss of -$0.50 per share, better than the projected -$0.68, with revenues of $4.93 billion exceeding Zacks consensus by +0.62%, leading to a +4.5% increase in shares [2] - Domino's Pizza (DPZ) missed earnings expectations by -3% with earnings of $3.81 per share, marking its second miss in three quarters, but revenues of $1.15 billion were up +4.3% year over year, resulting in a +3% increase in pre-market trading [3] Group 3: Economic Indicators - The U.S. Leading Economic Indicators (LEI) report for June is expected to show a further decline to -0.2% from May's -0.1%, with most LEI numbers negative over the past six months, indicating potential recession signals [4][5] - Upcoming economic reports include Existing & New Home Sales, S&P flash Services and Manufacturing PMI, and Durable Goods Orders, with mixed expectations for these data points [7] Group 4: Future Earnings Expectations - Alphabet (GOOGL) is expected to see a +13.2% increase in earnings and +11.1% in overall revenues, while Tesla (TSLA) is projected to experience a -23.1% decline in earnings year over year and -11.9% in revenue [6]