Weak Corporate Profits And Rising Yield Will Weigh On The U.S. Equity Markets

The Q3 earnings season has so far failed to give a clear direction to the US equity markets. Indeed, the S&P 500 (NYSEARCA: SPY) remains well within the range between 2193 and 2112 points in which it moves since July ’16. Quarterly results have provided a mixed picture of the health of US corporate. For example, according to FactSet data, the financial sector reported better-than-expected results, with profits up 7.8% against market expectations for a 0.3% increase.

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