The latest compilation of analyst earnings projections by FactSet shows that Wall Street is expecting earnings for the companies in the Standard & Poor’s 500 to drop by 0.8% year over year in the first quarter of 2019. That’s down from late January projections of 0.7% earnings growth for the first quarter.
The stock market, as we know from the experience at the end of 2018, is quite capable of scaring itself into a major sell off on fears of something that hasn’t and maybe won’t come true. At the end of 2018 that fear–and the sell off–was about the possibility of an economic recession. And that still hasn’t materialized with even the pessimists/realists at the Congressional Budget Office projecting that the economy will grow by 2.3% in 2019. (That is down from the prior projection of 3.1% growth from the CBO.)
You can access the full report at the following link: … Click HERE
