Goldman Sachs is bullish about stocks in the second half of 2023.Earnings are coming back into focus as the Q2 earnings season kicks off in earnest this week.
Although earnings shrunk in both Q4 2022 and Q1 2023, the declines were much milder than expected. Profits slipped 2.8% year-over-year last quarter, according to Yardeni Research, which was a much narrower loss than the 6.4% drop thatBetter-than-anticipated earnings results have supported US stocks so far this year. The S&P 500 posted an unexpectedly strong 15.
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