Bloomberg Intelligence data point to a 24% rise in S&P 500 profits for the three months through June, setting up one of the strongest second-quarter earnings seasons in years.
That pace would rank among the best readings ever outside rebounds that followed major recessions, underscoring how elevated investor expectations have become.
The coming earnings reports will test whether those "sunshine and rainbows" forecasts can be met, with little room for disappointment after such a high bar was set.