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Companies began to report their quarterly earnings last week. Estimates for the S&P 500’s earnings are still forecasted to decline over 6%, which would mark the third consecutive quarterly decline. We will be watching earnings guidance closely for the second half of this year and 2024.
In this short video, Ross Bramwell discusses how the stock market’s return this year has been driven largely by price-to-earnings multiple expansion. Future returns on stocks may be challenged in a higher-for-longer rate environment unless the earnings outlook improves.
If you have further questions about this video, please reach out to a member of your client service team, call us at 404.264.1400, or visit www.homrichberg.com.
Watch here: https://youtu.be/VniDXN0Kc0Y