Corporate profits are peaking, and that’s been bad news for the stock market

MinerGate is a multicurrency mining pool with the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Start mining now from your PC

Corporate earnings have been on a tear that soon will end, and history suggests a rough road ahead for the stock market.

S&P 500 profits collectively are on pace to rise 25 percent for the third quarter, which would keep them in line with the results from the previous two reporting periods in 2018, according to CFRA and S&P Capital IQ. The fourth quarter is estimated to see a 17.5 percent increase. For the full year,…

READ MORE  "Don't forget the little guy"

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *