Sonders Sees S&P 500 Gain Lasting Beyond Profit Peak: Tom Keene
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Concerns that the Standard & Poor’s 500 Index will plunge amid slowing earnings growth are overblown, according to Liz Ann Sonders of Charles Schwab Corp.
“There is this misperception that the minute the peak of earnings happens, the market is going to fall out of bed,” Sonders, New York-based chief investment strategist at Charles Schwab, said in a radio interview today on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt. “The market tends to continue to fare pretty well unless you get some sort of massive collapse in earnings, which I don’t think is in the cards this time.”