It’s not always the case that stocks fall when earnings expectations decline, according to an analysis from Citi.
Obviously, one way for stocks to appreciate is for companies to see earnings climb. That’s why investors generally, though not always, cheer good economic news and profit announcements.
So far, 2019 has been one of those years. The consensus is calling for a 2.6% decline in second-quarter earnings per share by Russell 1000 RUI, +0.08% components. Heading into Friday trading, the S&P 500 index SPX, +0.02% has jumped 19%, the Dow Jones Industrial Average DJIA, +0.26% has gained 17% and the Nasdaq Composite Index COMP, +0.06% has climbed 24%.
The market is entirely convinced the Fed will cut rates at its July 31-ending meeting, though there’s debate whether the size of the cut will be a quarter-point or a half point.
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