Bloomberg

Souring S&P 500 Profit Outlook a Bad Sign for Stock Market Rally

(Bloomberg) — Wall Street analysts are quickly scaling back their forecasts for Corporate America’s earnings growth over the next year, which could pump the brakes on the blistering stock market rally before long. Most Read from Bloomberg A key indicator known as earnings-revision momentum — a gauge of upward-to-downward changes to expected per-share earnings over…

Read More