Now that Q2 earnings season is drawing to a close, Credit Suisse analyst Lori Calvasina took some time to take a look at the overall results for the quarter up to this point. Calvasina looked at what Q2 earnings season says about the strength of the U.S. economy and the health of the bull market.

Earnings

Now that nearly all of the S&P 500 has reported Credit Suisse has determined that 74 percent of large caps, 71 percent of mid caps and 63 percent of small caps have beaten Q2 earnings expectations. These numbers are slightly stronger than the numbers from Q1.

Sales numbers are a bit weaker in Q2, although still relatively good. According to the report, 51 percent of large caps, 50 percent of mid caps and 54 percent of small caps have beaten consensus sales expectations.

Guidance

Coming into Q2 earnings season, guidance was…

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