Core Viewpoint - Analyst optimism regarding corporate earnings is cooling, indicating potential resistance during the earnings season amidst record high levels in the U.S. stock market [1] Group 1: Earnings Expectations - Citigroup's index tracking adjustments in U.S. corporate earnings expectations has recently turned flat for the first time since August, reflecting a balance between upward and downward revisions [1] - The forward price-to-earnings ratio of the S&P 500 has reached 22 times, significantly above the average of nearly 19 times over the past decade [1] Group 2: Market Reactions - Evercore ISI strategist Julian Emanuel anticipates that stock price reactions during the earnings season will be "dramatically differentiated," making it difficult to serve as a catalyst for upward movement in indices [1] - RBC Capital Markets strategist Lori Calvasina notes that the proportion of companies exceeding earnings expectations is expected to slow compared to the previous quarter, primarily due to greater impacts from tariffs [1] - The earnings sentiment for the largest market capitalization companies is at a critical turning point [1]
美股创高位之际 企业盈利预期乐观情绪降温
Xin Lang Cai Jing·2025-10-13 10:55