Scorched stock traders starting to see hard landing in soft data - The Australian Financial Review
5/10/2022 12:00:00 AM2 years 11 months ago
by Vildana Hajric
by Vildana Hajric
The larger reasons for worry are well-known at this point: the Fed has become more restrictive, while the war in Ukraine and lockdowns in China damp demand and further snarl supply-chains.
All year long, investors have clung to still-strong earnings as one reason for optimism, but analysts have reduced 2022 forecasts for two weeks in a row now, according to Bloomberg Intelligence. Thou… [+3506 chars]
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