Weekly Market Recap: Bad Earnings Forecasts To Tank Markets Further?

 
Weekly Market Recap: Bad Earnings Forecasts To Tank Markets Further?

Corporations are about to start releasing their Q2 earning reports. 

This may be the next catalyst for another downwards leg in the markets.

Why?

Because high inflation, the rising cost of capital and recessionary demand destruction are squeezing revenue & profit expectations for companies.

This is going to force many of them to revise their earning estimates for Q3 and beyond.

When management announces these downwards revisions on their coming earnings calls, Wall Street analysts will be forced to start issuing downgrades.

And lower stock prices should follow.

For your weekly dose of what mattered most this week, watch our latest Weekly Market Recap featuring Lance Roberts.