Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month
Already have an account? log in
(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
Could you please comment on the potential paths/timing of the change in earnings multiples? Regards