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Global Stocks Pin Hopes of Year-End Rally on Earnings Resilience

  • Some bad news is already priced in heading into results season
  • Extreme investor pessimism could also spark a contrarian rally
Bloomberg business news
Summers Sees 'Tremors' of August 2007 Anxiety in Markets

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Investors are primed for any bit of good news to help them forget a brutal quarter for stocks that took this year’s value destruction to $24 trillion. A resilient corporate earnings season might give them that.