u/Excellent_Cost170

Market still feels weird to me right now.

You’ve got inflation staying hotter than the Fed wants, traders talking about inflation maybe ending the year around 4.5%, rate cuts getting pushed back again, yields staying high, and geopolitical stuff still unresolved.

Normally you’d expect at least a decent pullback with that setup, but every dip gets bought within hours. NASDAQ was literally bouncing off session lows again today.

Feels like bad news barely matters anymore unless it’s catastrophic.

DoorDash up ~14% after earnings, Uber up as well feels like a pattern across a lot of names this season. It got me thinking: how are estimates actually set if so many companies are consistently beating them quarter after quarter? Are analysts just guiding expectations lower, or is there something structural going on with how companies report vs. forecast?

Everything has been popping in the last 2 month . Curious what others think are “beats” still meaningful, or has the bar just been set in a way that makes upside reactions more likely?