A Low Bar.

ANGLES. · Apr 30, 2023 · 7m

With trading volumes contracting rapidly, the stock market - at least as represented by the major indexes - was acting early last week like it had already checked out for summer and it’s not even May yet. It was proving to be something of a snooze-fest with a generally negative tilt as far as the headline indexes were concerned. But under the surface, things were playing out rather differently.

Earnings and guidance are generally holding up better than expected, mostly beating estimates at a good clip - notably Microsoft (MSFT), Alphabet/Google (GOOGL), Meta/Facebook (META) and Intel (INTC)…