At this early stage, the third quarter earnings season for the S&P 500 is off to a mixed start relative to analyst expectations. While the percentage of S&P 500 companies reporting positive earnings surprises is above recent averages, the magnitude of earnings surprises is below recent averages. Overall, the index is reporting higher earnings for the third quarter today relative to the end of last week and relative the end of the quarter. The index is also reporting year-over-year earnings gr...