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Mike Bird: Earnings expectations for U.S. stocks are rising at recovery pace
Earnings expectations for American stocks are currently increasing at a faster rate than seen after the 2017 tax cuts, according to Mike Bird. He highlights that this brisk pace of upward revisions is typically observed during periods of recovery from recessions.
Bird suggests the strong momentum in profit forecasts is remarkable, indicating the underlying strength and resilience of corporate earnings in the U.S. stock market.
Bird has previously tracked other shifts in U.S. markets. He reported that growth in educated populations in cities like Miami and Dallas has driven a migration of finance jobs from New York City. More recently, he noted that oil prices nearly returned to pre-negotiation levels earlier this week.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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