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Keith McCullough, founder and CEO at Hedgeye Risk Management, observes that 54 of the 100 companies in the Nasdaq 100 index have reported an impressive year-on-year earnings acceleration of 50 percent.
This notable performance highlights robust growth within a significant portion of the index.
McCullough previously highlighted that recent market moves were driven by an estimated $251 billion in forced 401(k) flows. He has also noted that markets move independently of major AI-related headlines. These observations frame his analysis of the latest earnings acceleration in the Nasdaq 100.