Reported 1 day ago
Corporate executives are expressing unprecedented pessimism about the economy, reminiscent of the financial crisis, amid ongoing trade tensions and rising tariffs affecting the stock market. During the current earnings season, a significant decrease in positive economic outlook comments has been noted, with a record low for the ratio of optimistic to pessimistic remarks. Many companies, particularly in manufacturing and transportation, are cutting their profit forecasts, leading to volatility in the stock market as investors brace for potential recession and inflation.
Source: YAHOO