These Are the 3 Hottest Sectors for Q3 Earnings Growth

The onset of Q3 earnings season is just around the corner, and it looks like it will be a good one. Not only is there an outlook for S&P 500 NYSEARCA: SPY earnings growth and sequential acceleration to follow, but the forecasts are also improving, providing a lift for market spirits. As of early October, the consensus for the year is for earnings to grow by 8.0%, an 80-basis-point improvement from the lows of the revision cycle, and the forecast for the following year is also improving. Three sectors are setting the pace for Q3 earnings growth—and could drive index…