It's as if the market is pre-grieving the demise of the economic expansion while it remains very much alive – vigorous, even. The S & P 500 's three-month correction deepened to more than 10% off its peak during a week when third-quarter GDP was reported at a sizzling 4.9% annualized rate, inflation continued to ease slowly and corporate earnings growth is coming in three-percentage points ahead of forecasts with the requisite three-quarters of all companies beating expectations.
Bank of America equity and quantitative strategist Savita Subramanian points out that "Consensus long-term growth expectations for S & P 500 earnings have dropped to record lows, a rather powerful contrary indicator." She has an index target of 4600 for year's end, essentially a round trip to the July high.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »