Q1 2019 Earnings: Is the Party Almost Over?
This article was originally published on ETFTrends.com.
By JP Morgan Asset Management via Iris.xyz In brief Markets have bounced back nicely in 2019 after a volatile December, but this bounce has been driven almost entirely by multiple expansion. Earnings revisions have moved sharply lower, causing 1Q19 estimates to fall into negative territory. That said, estimates have likely fallen too far. The financial [...]