US stocks reeling from the impact of high bond yields are facing a new threat from an expected slew of profit warnings, triggered by fading US consumer spending trends.
Investors are concerned that higher interest rates will start seriously weighing on the economy and eat into profits that are just starting to recover from the steepest slump since the pandemic. More than a fourth of respondents identified themselves as portfolio managers, while about 100 said they were traders. Other pollees included individual investors, economists and researchers.
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