Jefferies: Positive Earnings Season Will Send S&P 500 Up By 12%

First-quarter earnings season is already upon us and if analysts at Jefferies are to be believed, the earnings performance for this quarter will set the S&P 500 up for the rest of the year.

Wall Street analysts are predicting 8.6% earnings per share growth this quarter, excluding energy considering the easy year-on . . .

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