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Category: Uncategorized

Weakening US profits

By root

The truth is in the pudding: S&P 500 companies have been showing last quarter the weakest earnings performance since Q3 2020, with earnings down 2.8% y-o-y. Also US companies are surprising to the upside in earnings by only 1.6%, the smallest magnitude in 15 years. This is surprising to the extent that the US corporate … Continued