The second quarter earnings season in the US saw share prices fall despite consensus earnings announ...
The second quarter earnings season in the US saw share prices fall despite consensus earnings announcements. This was because companies such as Microsoft were perceived to be stretching further and further to match expectations. As investors looked to the next quarter, they became concerned over the durability of earnings growth, particularly when considering expectations of US economic slowdown. The US equity market returns will be driven by the market's perception of Federal Reserve interest rate activity and the extent to which corporate earnings slow. Although operating earnings gr...
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