(Mis)informed By ‘Corporate Views’

"Way" back in August, following a better-than-feared Q2 reporting season for corporate America, it was tempting to suggest that dour predictions of a corporate profit "reckoning" were overblown. That rumors of an earnings recession were just that -- rumors. Fast forward a few months, and although the bottom hasn't fallen out in earnest, Q3 results were lackluster, stoking renewed worries and prompting prominent top-down strategists to cut their earnings outlook for 2023. By now, regular reader
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