Are earnings expectations falling apart? No. 🤔
"The facts do not bear this out" 📉
These headlines are understandably alarming, especially since, as TKer readers know from our headlines, earnings are the most important long-term driver of stock prices.1
However, there’s much more to this story.
“There’s a popular narrative that earnings estimates are beginning to fall apart,” Jonathan Golub, chief U.S. equity strategist at Credit Suisse, wrote on Wednesday. “The facts do not bear this out.“
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