"Starting to feel a bit uneasy about consensus forecasts"

Quite good start

As for reporting season, just under 20% of the SPX has reported 4Q earnings to date. But despite the small sample size, it’s been an incrementally better quarter. C4Q earnings to date have been quite good. Not only is the beat rate on pace to accelerate (currently tracking at 77% vs. 76% in C3Q & the LT average of 72%), but these beats are being rewarded.