Cross-currents for corporate profits
Insights Now
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Introduction
David Liebovitz: It's going to be a choppy equity market over the next call at six to 12 months. But as we get more clarity on the broader direction of travel, you'll see the multiple become the heavy lifter," he says. He adds that returns this year have been driven by a significant decline in the multiple against the backdrop where earnings estimates have remained relatively resilient.
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