5 min listen
Solid Start To Reporting Season Despite Macro Headwinds
Solid Start To Reporting Season Despite Macro Headwinds
ratings:
Length:
5 minutes
Released:
Oct 17, 2023
Format:
Podcast episode
Description
Three big things you need to know today: First, we are lifting our S&P 500 EPS forecasts to $223 (up from $220) for 2023 and to $232 (up from $229) for 2024. Second, 3Q23 reporting season is off to a good start in terms of stock price reactions, even though EPS revisions have turned slightly negative and company commentary among the early reporters suggests that the uncertain macro is taking a toll. Third, other things that jump out from our high frequency indicators include an improvement in equity investor sentiment last week and the return of outflows from US equity funds.
Released:
Oct 17, 2023
Format:
Podcast episode
Titles in the series (100)
Economic Surprises & Lions – Oh My! by RBC's Markets in Motion