2024 Profit Forecasts Lowered, Dampening Investor Expectations The latest Bloomberg Markets Live Pulse survey indicates that investors’ expectations for blockbuster profits in 2024 might be overly optimistic. According to the survey, half of the 380 respondents believe that the current sell-side analysts’ consensus, predicting record S&P 500 earnings for the year, is too high. The main concern is an economic slowdown impacting corporate bottom lines. This sentiment suggests that profits may not be the driving force behind stock market gains this year, unlike the 24% rally in the S&P 500 seen in 2023. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Behind the Number: Unpacking the Fed's 2% Inflation Target READ MORE Goldman Sachs Warns of Copper 'Stockout' as Prices Hit New Highs READ MORE CBO Raises 2024 US Budget Deficit Forecast by 27% to Nearly $2 Trillion READ MORE China's Bond Market Flashing Warning Signs READ MORE Silver Tumbles Over 5% as Investors Flee to Cover Stock Losses READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment