Markets Brace For Earnings Season To Tee Off
MRKT Matrix
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The Market's Predictions for Q2 Earnings Guidance
Next week could be the beginning of some volatility in the market because we are right on the cusp of confirming an earnings recession. 78 of the SES and P 500 companies have issued negative EPS guidance for Q1 2023. That's above the five year average of 57 and above the 10 year average of 65. This number is also the highest number since Q3 2019 and the fourth highest number since Faxut began tracking guidance at 06.
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