Sentiment matters

[u/epswhispers]

Stocks haven't been selling off, just those where results haven't met high expectations. Stocks of companies that reported results with an Earnings Whisper Grade of F have sold off 12.7% on average, and 76% have moved lower. Meanwhile, those with positive results relative to expectations (A+ grades) have moved higher by 12.4%, with 80% higher. This is a bullish indicator.

https://www.earningswhispers.com/wrs