There’s a good reason stocks continue to hit all-time highs—most companies are beating expectations, JPMorgan says

Regardless, the hope of incoming cheaper money is good for stocks. 

Maybe … too good for stocks? 

Eighty-nine percent of the S&P 500 has reported Q2 earnings so far, and their average revenue growth is 6.1% over the prior year. Their net income growth is 10.9%, Lakos-Bujas says.

With companies overperforming versus expectations, and a September rate cut looking inevitable, it is not surprising that investors are buying into the action.

Here’s a snapshot of the action prior to the opening bell in New York:

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