10 July 2023
The US market faces potential slowdown as negative noise from the earnings season and expected further rate hikes contribute to the market’s decline. According to a survey, the tightening of financial conditions is seen as the biggest negative factor. Many anticipate that the slump in S&P 500 firms’ earnings per share will only cease after the third quarter. However, analysts expect a rebound in EPS growth for benchmark members in the final months of the year.