Somewhere between bank-run fear-mongering and “maybe AI will save us” wishcasting, one can find slightly more reasoned predictions about stocks this year.
(We’re talking about US large-caps and the S&P 500, of course. Surely you didn’t think we meant UK-listed firms?)
The bad news: The reasonable predictions aren’t especially optimistic. And the outlook for US multinationals’ profits might be worse than Wall Street expects, because one key measure of earnings quality has dropped to its worst level in a quarter century.
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