As earnings season begins, S&P 500 forecast looks less weak

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As quarterly U.S. earnings got under way with upbeat reports from JPMorgan Chase & Co and other major banks Friday, analysts marginally brightened their dim outlook for first-quarter U.S. results compared with a week ago.

Traders work on the floor of the New York Stock Exchange in New York City, U.S., March 16, 2023. REUTERS/Brendan McDermid

and other major banks Friday, analysts marginally brightened their dim outlook for first-quarter U.S. results compared with a week ago. in aggregate to have declined 4.8% in the first quarter of 2023 from the year-ago period, according to Refinitiv data Friday. That compares with their week-ago forecast for a 5.2% year-over-year decline in the quarter.

 

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The real data are WEAK

So is this report biased and spun to meet a certain objective? If so, how is our reality “real life” when market manipulators dictate how the Americans suffer?

Doesn’t “projections”, which aren’t real, and only interpretations based off what is released and reported, determine the market? So if reports are biased to influence a market, how is the information concrete and real?

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