Are you worried about short term prospects for equity markets
Are you worried about short term prospects for equity markets? Global earnings estimates are now trending lower, and Australia is no exception. Confession season is shaping up as yet another queue of restructurings, lay-offs and disappointing profit guidances. Bottom line: the trend in earnings forecasts is likely to remain negative, in particular if AUD decides to stay higher-for-longer. Data analysis by BTIG suggests the trend remains up on a 6-12 month view, but equities are likely to see more wobbles in the short term. My Weekly Analysis (VIEW LINK)

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