In the Financial Times this morning, based on the fact that most of the US’s biggest listed firms’ Q3 earnings have already been reported, Q4 numbers are expected to grow at a mere 0.8 per cent dragging annualised US economic growth to its lowest level in 4 years. Data from Refinitiv shows that earnings expectations for S&P 500 companies were scaled back from 4.1 per cent as recently as the beginning of October, and 7.1 per cent in July. Classic economists’ thinking while looking through rose-tinted specs.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis