FLQG - Global Earnings Revisions Still On A Downward Trend
Equities bridging a gap in corporate performance - for now
Consensus profits forecasts on a global basis remain on a downward trend even as January's recovery in risk assets such as equities and corporate debt continues into February. The primary reason for this at first sight paradoxical state of affairs is not hard to find; the US Fed has placed interest rates on pause and acknowledged the slowing of the global economy. Nevertheless, the clock is ticking on the persistence of the current profits downgrade cycle, which is also consistent with economic weakness evident outside