Reported 2 days ago
Wall Street is being urged to reconsider high earnings projections as recent feedback suggests a potential for downward revisions in corporate earnings due to elevated analyst estimates and external pressures like tariff policies. Market strategist Adam Parker predicts only minimal growth in earnings this year and warns that discrepancies in earnings forecasts could result in steep penalties for companies. With ongoing uncertainties in trade negotiations and possible inflationary pressures from tariffs, investors are advised to diversify their portfolios towards commodities and bonds.
Source: YAHOO