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 Core PCE Inflation Rises 0.2% in April, Matching Forecasts READ MORE How Productivity Gains Could Shape the Fed's Inflation Battle READ MORE Copper: The New Gold for Miners Amidst Global Energy Transition READ MORE Global Central Banks Begin Slow Shift to Rate Cuts Amid Varying Economic Conditions READ MORE Economic Indicators Misfire: No Recession Despite Warning Signs READ MORE Add a Comment Cancel replyYour email address will not be published.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