Wall Street strategists debate whether Corporate America can meet robust earnings forecasts amid inflation, dollar strength, and geopolitical tensions.
Wall Street strategists are divided on whether Corporate America can meet robust earnings forecasts for this year. Morgan Stanley's Michael Wilson expects profit growth to improve through 2024-2025, while JPMorgan Chase's strategist Mislav Matejka argues that factors such as inflation, a stronger dollar, and geopolitical tensions cloud the outlook. The focus on earnings comes during a time when the US stock rally has been disrupted by rising bond yields, causing the S&P 500 Index to drop over 5% in April.
April 22, 2024
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