Tackling Recession Fears

The transcript discusses the current state of earnings revisions, noting a deceleration but not as bearish as previous quarters. Bank earnings showed some surprises, and overall, companies are performing well despite fears of economic deterioration. The market is forward-looking, with expectations for double-digit earnings growth in 2024. Analysts are adjusting their expectations, and while some consolidation is expected, the overall outlook is positive.

How does the current market sentiment compare to previous quarters?

• Less bearish than before

• Equally bearish as before

• More bearish than before

• More bullish than before

What was the surprising element in the recent bank earnings?

• They had upside surprises

• They were lower than expected

• They showed no change

• They were canceled

How are companies performing relative to previous fears of economic conditions?

• Unchanged

• Worse than expected

• Holding up well

• Experiencing a sharp decline

What is the expected trend for S&P 500 earnings in the coming quarters?

• Continued decline

• Stagnation

• Unpredictable

• Improvement

What is the market's outlook for 2024 earnings growth?

• Double-digit growth

• Negative growth

• Single-digit growth

• No growth