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What Third-Quarter Earnings Tell Us About What’s Next for Markets

WSJ's Take On the Week

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Stocks in the Fourth Quarter, Earnings Growth, and Profit Margins

This chapter delves into the reasons why stocks perform well in the fourth quarter, including tax law selling and the influence of retail investors. It also examines the factors behind companies' higher profits, with emphasis on expense cuts rather than increased sales, and raises concerns about historically high profit margins and their sustainability.

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