Investors unnerved by news that US companies have been talking third quarter earnings estimates down at the second highest rate since 2001 might take solace in the fact that this year’s second quarter captured the top spot for negative revisions — not bad for a period in which the S&P 500 Index returned a respectable 2.9%. US stocks tacked on another 5.2% in the most recent quarter, and most developed markets followed suit. Read more
Investors unnerved by news that US companies have been talking third quarter earnings estimates down at the second highest rate since 2001 might take solace in the fact that this year’s second quarter captured the top spot for negative revisions — not bad for a period in which the S&P 500 Index returned a respectable 2.9%. US stocks tacked on another 5.2% in the most recent quarter, and most developed markets followed suit. Read more
