Wall Street analysts aren’t expecting S&P 500 companies to blow the doors off with their fourth quarter earnings reports when they begin to trickle out in January.
Actually, quite the contrary, as sluggish economic growth, rising interest rates, and stubborn inflation has strategists cautious about the stock market in 2023.
Fourth quarter earnings for S&P 500 companies are seen dropping 2.8%, according to fresh data from FactSet. If that turns out to be correct, it would mark the first…
Source link