By: Jeffrey Buchbinder, CFA, Chief Equity Strategist, LPL Financial & Thomas Shipp, CFA, Quantitative Equity Analyst
Fourth quarter earnings season is underway and probably won’t bring much good news. Lackluster global growth, ongoing profit margin pressures from inflation, and negative currency impacts are likely to translate into a year-over-year decline in S&P 500 Index earnings for the quarter. As always, guidance matters more as market participants look forward. The key question coming into this earnings season is whether the pessimism surrounding 2023 earnings has gone too far.
Read the full commentary here: weekly-market-commentary-01.17.2023