Resilient earnings could mean 'market is as low as it needs to go' -strategist

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1 年前

STORY: Added Konstantinos, "That, I think, is the $60,000 question: Are those estimates going forward going to start to collapse... or are they going to stay relatively resilient, in which case you could build a case that the market might be fundamentally close to as low as it needs to go."

Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 hitting a two-year intraday low as Federal Reserve policymakers showed an appetite for more interest rate hikes, even at the risk of throwing the economy into a downturn.