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This is not even remotely true. Corporate earnings are growing strongly across almost all sectors (https://www.usbank.com/investing/financial-perspectives/marke
by thinkharderdev 2y ago
This is not even remotely true. Corporate earnings are growing strongly across almost all sectors (https://www.usbank.com/investing/financial-perspectives/market-news/focus-on-corporate-earnings.html#:~:text=Strong%20consumer%20spending%20remains%20the,at%20U.S.%20Bank%20Wealth%20Management https://www.usbank.com/investing/financial-perspectives/mark....)
- Guthur 2y agoThat link doesn't say anything like that, what are you taking about. It even mentions that sizable number of companies have negative guidance.
- thinkharderdev 2y agoDirectly from the linked article: "On average, first quarter 2024 earnings results were solid. Four sectors — Communication Services, Utilities, Consumer Discretionary and Information Technology — generated the strongest earnings growth for the quarter" But that was just a link I came across quickly. You can look at almost any economic statistics you want and see that the economy (at least in the US, you mentioned the S&P 500 so I assume you are US-based) is quite strong right now.
- jpc0 2y agoAverage != Median and that is what the commenter above mentioned. The S&P500 and others don't remove the outliers going to the moon which is good for investors but as a data metric would make for a pretty large deviation.