Analysts are ‘overly negative’ on 2020 earnings, says JPMorgan
Corporate earnings are likely to benefit from a potential peak in the dollar and a subsequent gain in commodity prices
20 January 2020 - 17:47
JPMorgan Chase strategists believe analysts are starting 2020 with an overly negative outlook on earnings and say positive surprises will give a boost to global equities.
Forecasts for the S&P 500’s earnings growth over the next two reporting seasons are below those seen in the second and third quarters of 2019 and are probably “too low”, JPMorgan strategists led by Mislav Matejka wrote in a note on Monday. ..
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