热门标签

哈希定位胆:Insight - Extreme dollar a wake-up call for earnings outlook

时间:3周前   阅读:10   评论:5

澳洲幸运5玩法www.a55555.net)?澳洲幸运5是澳洲幸运5彩票官方网站,开放澳洲幸运5彩票会员开户、澳洲幸运5彩票代理开户、澳洲幸运5彩票线上投注、澳洲幸运5实时开奖等服务的平台。

Risks ahead: A trader is seen working on the floor of the New York Stock Exchange. Goldman Sachs says a moderate recession could see the S&P 500 fall another 15% to 20% over the next six months. — AFP

THE US dollar’s rampant surge may finally force corporate America to wake up to a brewing earnings recession.

The investment puzzle of the summer so far is how spiking inflation and interest rates have darkened economic forecasts while barely denting the outlook for company earnings growth over the next 18 months.

As Wall Street’s top investment banks scramble to place odds on a looming recession – with many seeing at least a couple of consecutive quarters of US economic contraction as inevitable and others placing a 50-50 chance on a worldwide downturn – the “bottom up” view from boardrooms has remained weirdly sanguine.

And that’s why the start this week of the second-quarter earnings season and attendant forward guidance is awaited with such bated breath – not least for a full readout on the post-Ukraine invasion energy shock and climbing interest rates.

To date, “top down” recession calls have not been matched by an equivalent earnings rethink.

Aggregate S&P 500 earnings growth for this year is still in excess of 10% and even after slipping about half a percentage point over the second quarter, it remains above 9% for all of 2023.

“Economists and investment market strategists are unusually united in their predictions that recession is an inevitability,” said Jim Wood Smith at Hawksmoor Investment Management.

,

哈希定位胆www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏。

,

“The fly in their ointment is that no one appears to have told businesses,” he added.

“The next two or three weeks will go a long way to resolving this tension.”

This may be just a lag of course as equity analysts hesitate in front of deteriorating macroeconomic calls and wait for their companies to tell them the bad news first hand.

Or it could be more fundamental than it seems.

One glimpse into the peculiarly distorted state of the economy right now could be seen in the latest survey of US small businesses – showing sentiment in June at its lowest since 2013 but demand for labour still robust as executives continue to grow operations.

And yet for larger multinationals with overseas earnings, something more immediate is pressing an alarm – the blinding appreciation of the US dollar against other major currencies as Federal Reserve tightening goes into overdrive while other central banks drag their heels.

While most market watchers are currently in thrall to the euro’s slide to parity for the first time since 2002, dollar strength is pervasive against most other currencies such as Japan’s yen and Britain’s pound and its broader DXY index is at its highest in 20 years.

There has only been four full calendar years over the past four decades in which the dollar index has gained more than 12% and it’s exceeded that already in 2022 so far.

上一篇:足球博彩分析(www.hg108.vip):幕后玩家 曾志伟儿子 曾国猷

下一篇:菲律宾飞机群:Bursa joins global rally on better-than-expected US inflation data

网友评论

  • 2022-07-23 00:14:53

    皇冠体育信用www.hg108.vip)是皇冠体育官方信用网线上直营平台。皇冠体育信用开放信用网和现金网代理申请、信用网和现金网会员注册、线上充值线上投注、线上提现、皇冠官方APP下载等业务。皇冠体育信用提供皇冠官网管理端登录线路、皇冠官网会员端登录线路,皇冠官网手机网址、皇冠官网最新网址导航等服务。开挂了的作者

  • 2022-11-15 00:27:27

    cờ bạc nợ nần(www.84vng.com):cờ bạc nợ nần(www.84vng.com) cộng Chơi tài xỉu uy tín nhất việt nam。cờ bạc nợ nần(www.84vng.com)game tài Xỉu đánh bạc online công bằng nhất,cờ bạc nợ nần(www.84vng.com)cổng game không thể dự đoán can thiệp,mở thưởng bằng blockchain ,đảm bảo kết quả công bằng.
    这么精彩没人?