Quarterly corporate earnings can serve as a vital check and complement to macroeconomic data.

That’s true for this earnings season, where over 80% of reporting companies have beaten expectations, reinforcing the narrative of an impressively resilient US economy. Also, a few releases, including McDonald's this morning, highlight the "K" within this economic strength, with pressure on lower-income households. #economy #markets — via @elerianm

Over 80% earnings beat rate reinforces resilient US economy narrative.