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Stock Market Faces Earnings Shock as Economy Falters

  • Equity analysts have been slow to price in risks, survey says
  • Dollar expected to remain buoyant after strong first half
Updated on

Don’t let optimism among equity analysts fool you: Earnings forecasts are likely to be slashed as spiraling inflation and rising interest rates put the brakes on spending.

That’s the view from the latest Bloomberg MLIV Pulse survey, with 65% of 629 respondents saying analysts are “behind the curve” factoring in the damage.