Show notes
Nearly every quarter, Wall Street lowers the bar right before earnings season. It's not a conspiracy — it's self-preservation. An analyst who calls 2% growth and sees 3% looks smart. Call 3% and get 2%, and you were wrong. So estimates drift down, companies "beat," and everyone celebrates. This quarter, the opposite happened. Analysts raised earnings expectations by 3.4%, just the 10th time in the last 34 quarters they've moved the bar up instead of down. Here's why that matters: when the bar...