MACRO
Wall Street Strategists Sound Alarm on Dimmer Profit Outlook
Given this is a time of year when earnings revisions tend to see an upward inflection in breadth, further underperformance “would be a sign that other cyclical risks, including macro headwinds, are driving the earnings revisions backdrop,” Wilson wrote in a note.
Citigroup Inc.’s index of earnings revisions shows downgrades have outpaced upgrades for four straig...