Disappointing Earnings Growth Is The Highest Risk For The U.S. Equity Market

The Q4 earnings season has unofficially started on Friday, 13 January with the release of quarterly results of JPMorgan, Bank of America and Wells Fargo. Waiting for the Trump administration to take office on January 20 and to implement the first decision on fiscal policy during the first 100 days of the presidential mandate, we think that investors will focus on quarterly results over the next few weeks

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