Earnings Season: 86% Beat Rate but Low Bar; Retail Weakness

Earnings season nearly over with 86% beat rate, but the bar was low. Sequential EPS growth is a better filter for quality. Notable movers include Cerebras, Tempus AI, HP, Ventas, Ross Stores. New retail weakness: Advance Auto Parts, Walmart, Dick's Sporting Goods all reported weak earnings, signaling consumer slowdown.