S&P 500 Slid Last Week, As Earnings Growth Is Recalibrated
The stock market has struggled recently, as investors recalibrated expectations for earnings growth.
Here’s what happening.
The economy and stock market are downshifting from great to good earnings growth.
Compared to the rate of earnings growth averaged annually for decades of 7.7%, Wall Street analysts recently expected corporate profits of the S&P 500 to grow in 2018 by 23%!
With 2018 almost over, analysts now have a more realistic picture of 2019, and they currently expect 9% profit growth.
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