The S&P 500 Could Drop 8%. Why the Stock Market Is on Shaky Ground.

3 years ago 296

By Jacob Sonenshine

Updated Oct. 13, 2021 10:22 americium ET / Original Oct. 13, 2021 4:45 americium ET

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Earnings play is astir to footwear off. If analysts support lowering nett estimates, the banal marketplace could instrumentality a sizable hit.

Third-quarter nett estimates for the S&P 500, successful aggregate, fell 0.8% betwixt Sept. 3 and Oct. 8, according to DataTrek. Companies person dealt with proviso and labour shortages, hampering their quality to conscionable income expectations portion raising costs and lowering nett margins. Recently, higher commodity prices person added to the dimming net picture. 

Estimates...


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