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 Shifting Winds at the Fed: July Minutes Hint at Imminent Policy Easing READ MORE Gold Rises on Rate Cut Expectations Before Inflation Data READ MORE Misery Index vs. Consumer Sentiment: A Paradox in American Economic Perception READ MORE Anticipation Ahead of Fed Meeting Leads to Decline in Treasury Yields READ MORE Pros and Cons of Investing in Physical Precious Metals READ MORE Add a Comment Cancel replyYour email address will not be published.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