Earnings, Stocks, And Inflation (Podcast)
Bloomberg Intelligence
00:00
Traders Are Turning Their Lungs Into Shorts
The dollar looks like it's putting in a technical top, but it could easily be a very temporary one. Analysts and companies alike have very limited visibility into the quarter ahead, let alone the year ahead. It seems very unlikely that given the macroeconomic conditions, we're going to get 8% growth over the next 12 months. And so what we're seeing is this really strong concentration of revisions in just the weeks leading into any individual earnings season with very little change to the longer term outlook.
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