Markets

A Wall Street chief strategist details 4 reasons why big-company profits have been remarkably resilient during the pandemic — and explains how that’s helped the red-hot stock rally

S&P 500 corporate profits are holding up far better than they did in past recessions, and it helping fuel the stock market’s summer rally, says James Paulsen, chief investment strategist at The Leuthold Group. Shrinking GDP typically drives profit declines roughly four to five times larger than what was seen […]
A Wall Street chief strategist details 4 reasons why big-company profits have been remarkably resilient during the pandemic — and explains how that’s helped the red-hot stock rally
Markets

Credit Suisse: The Australian profit recession is about to end

The profits of Australia’s biggest listed companies appear to have hit bottom and are about to start climbing again. “Accelerating global growth suggests we are nearing the end of the Australian profits recession,” write Credit Suisse analysts Hasan Tevfik, Peter Liu and Damien Boey in a note to clients. The […]
Credit Suisse: The Australian profit recession is about to end