2018 Earnings Forecasts are Dropping Fast - FINANCIAL-24
Since our blog of January 24, Q3 2018 GAAP earnings expectations for the S&P 500 have dropped from 118 to 112, a 5 percent decline (https://us.spindices.com). Ironically, in the same period, the S&P 500 gained 5 percent. Defying logic, the financial headlines are citing investor expectations for these gains.
We believe that rational expectations will prevail and, thus, maintain our year end baseline estimate of GAAP earnings at 105.
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Title : 2018 Earnings Forecasts are Dropping Fast - FINANCIAL-24
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