Most strategists expect little improvement for the season, and analysts now forecast S&P 500 earnings falling 3.7% year-over-year in the first quarter of 2023 and 3.1% for the second quarter.
The darkening earnings picture bolsters the case for investors who believe the stock market's early-year rally is unlikely to last, adding to worries over how high the Federal Reserve will need to take interest rates in its fight to keep inflation on an easing trajectory. "The reality for equities is that monetary policy remains in restrictive territory in the context of an earnings recession that has now begun in earnest," wrote analysts at Morgan Stanley, including Michael Wilson, the bank’s U.S. equity strategist, in a Monday report.
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Gonna be a challenge for the C-suite execs to get their multi-million bonuses this year, but I’m sure they can find a way to fleece it out of their workers and consumers
Companies rapidly slashing high-dollar employees, despite record profits, are shocked to find that spending has slumped.
Yeah they are asshooolllleee
Why does nobody think of the poor US companies?
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