Earnings season expected to drive markets higher, plus signs the bull market is broadening

• S&P 500 earnings growth for Q4 '23 is projected to exceed estimates, potentially reaching over 14%, driven by strong fundamentals like declining inflation and a robust economy.
• The market is showing signs of broadening beyond the 'Magnificent 7' tech stocks, with increased participation expected from cyclical sectors such as materials, industrials, and energy.
• Natural gas prices have spiked dramatically, with a 75% jump in futures over five days, attributed to extreme cold weather and limited pipeline infrastructure in the US.
• Procter & Gamble (PG) reported better-than-expected results, with strong international growth offsetting flat organic sales in the US, while Capital One (COF) shares fell after missing earnings and announcing an acquisition, and Alcoa (AA) rose on strong earnings.

The video discusses the ongoing earnings season, with expectations for strong S&P 500 earnings growth and signs of a broadening bull market beyond tech giants. It also covers a significant spike in natural gas prices due to winter storms and specific company earnings from Procter & Gamble, Capital One, and Alcoa.