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No Inflation, No Stimulus, No Problem: S&P Global Predicts Earnings Boom



The recently released earnings estimates by S&P Global for 2024 are creating a buzz in the financial world. The report suggests that the projected earnings will exceed both long-term growth trends and economic growth expectations, which is significant news for investors. The noteworthy aspect of this prediction is that it is expected to happen without the support of external factors like inflation, stimulus, and low rates. This is an indication that companies will perform exceptionally well and generate substantial profits in the coming years.

Moreover, the stable earnings estimates demonstrate that Wall Street is gradually gaining more confidence in the market's ability to avoid a recession. This is a positive sign for investors as it suggests that the economic outlook is becoming more favorable. The potential for increased profits, coupled with a more optimistic economic outlook, could lead to higher stock prices and more significant returns for investors.

Lastly, during risk-off periods, the dispersion in analyst earnings estimates tends to grow wider. This indicates that there is a growing disagreement among analysts about the future earnings of companies. This can occur during times of heightened uncertainty, such as market downturns, when investors are less confident about the market's prospects. During these periods, investors should be especially cautious and pay close attention to the diverging opinions of analysts.
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