The S&P 500 is experiencing a robust earnings season, with 72% of companies reported showing a year-over-year revenue growth of 5.2% for Q3 2024, surpassing the estimated growth of 4.7%. Overall, S&P 500 earnings are up 14% compared to the previous year, marking the seventh consecutive quarter of positive growth. Additionally, operating earnings are projected to reach a record high, increasing 8% year-over-year. Notably, 78% of S&P 500 companies have exceeded earnings expectations by an aggregate of 7.1%, significantly higher than the historical average of 4.9%. Despite some rising mentions of weak demand, analysts from Bank of America indicate that signs of a potential bottom in the market are emerging.