Risk of U.S. 'profit recession' eases as results beat forecasts

NEW YORK - The initial earnings results of this reporting period are beating expectations by a wide margin, suggesting to some investors that the S&P 500 may be able to avoid a so-called “profit recession” this year because predicted economic bad news has failed to materialize.

The quarter could be the trough for “this mini down cycle,” said Keith Lerner, chief market strategist at SunTrust Advisory Services in Atlanta. “The market is now expecting to see earnings stabilize. Eventually, if the global story gets better as we expect, earnings will help propel the market higher later this year.”

The average earnings surprise for an entire earnings period since 1994 is 3.2%, based on Refinitiv’s data. To be sure, the earnings season is just getting going, and corporate earnings face a number a headwinds: costs are rising because of tensions with U.S. trading partners, a stronger dollar diminishes the value of overseas sales, and technology companies in aggregate are looking at a likely profit decline in the first quarter.

So Bizarro Bernie is a day trader? This checks out

They’ve redacted this mans reaction

Whats Larry David got to do with this?

Nice hair

I dont know what that means but it must be bad cause that dude looks scared as shit.

tell the federal reserve to go to hell and stay out of the way...profit is better than greed.

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Zero-sum thinking is rising risk to global growthU.S. President Donald Trump is not alone in doubting that globalisation helps everyone win. Finance officials at the IMF’s spring gathering wanted more cooperation but often had self-serving ideas about what that entailed. That makes even a mild downturn trickier to handle. swahapattanaik zděšení z vývoje světové ekonomiky, nebo jenom myška ? swahapattanaik Your socialist policies are also a risk to global growth. ReutersBiz swahapattanaik Trump doesn't really think anything of the sort. Ask him the same question tomorrow, different answer. Ask him next week, another answer.
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