The truth about analysts' deteriorating expectations 📉

It's pretty common, even when stocks are going up 📈

Ignore this chart. It only covers two years of data.

Over the past few weeks, some have noticed that analysts have been revising down their expectations for corporate earnings.

The chart above comes from Citi (reproduced by Bloomberg.) From Bloomberg’s story:

Citi strategists led by Jamie Fahy said a global gauge tracking analyst estimates on corporate pro…