A lack of warnings during earnings season is a sign of good things to come, Michael Thompson, managing director of valuation and risk strategies at Standard & Poor, told CNBC on Friday.
He adds that he hasn't received any kind of alarming lower guidance and that "guidance is actually performing a little better than it did last quarter."
In addition, Thompson says he utilizes guidance as a range for "maneuverability, usually two or three cents."
According to Thompson, everyone is worried about the econometric situation, "although corporations seem comfortable with the fact that overall, according the Capital IQ estimate, companies can get 15.5 percent growth for this quarter."
He adds that corporate earnings are defying "everything else" you hear in the market place.
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Disclosure information was not available for Michael Thompson or his company.