The surge in US stocks hides a sinister omen: the future outlook for corporate profits is rapidly deteriorating over the next year.
Behind the sharp rise in the US stock market, a rarely noticed ominous sign is gradually emerging: Wall Street analysts are quickly lowering their expectations for next year's profit growth of American companies, which may soon put the brakes on the recent strong rise in the US stock market. Corporate executives in the US stock market have mixed expectations for the future, and many companies are also unwilling to provide future profit guidance.
Investors Are Bracing for Higher-for-Even-Longer Interest Rates
11/18 [Strength and Weakness Materials]
[Bullish and Bearish Factors] Bullish Factors: The Nikkei average is rising (38,642.91, +107.21) • Active share buybacks • Requests from the Tokyo Stock Exchange for corporate value enhancement. Bearish Factors: The dow jones industrial average is falling (43,444.99, -305.87) • The Nasdaq composite index is falling (18,680.12, -427.53) • 1 dollar = 154.50-60 yen • Chicago futures are falling (38,015, -655) • The SOX index is falling (4,833.59, -171.00) • The VIX index is rising (16.14)
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