An inability to capitalize on the good earnings news is a function of several factors:Stretched valuations ahead of the reportsThe halting consideration that the broader market isnt advancing on good earnings newsGrowing concerns about the vitality of the U.S. economy, which has left participants reluctant to accept upbeat guidance at face valueThe heightened political uncertainty surrounding the French presidential electionGrowing angst about the fate of tax reform efforts in the U.S.; andContinued
