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(Bloomberg) -- Investors anticipating blockbuster profits in 2024 will be disappointed, according to Bloomberg’s latest Markets Live Pulse survey.Most Read from BloombergMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysBoeing Max Grounding Goes Global as Carriers Follow FAA OrderBoeing 737 Max Blowout Points to Pervasive FlawsThe consensus estimate of sell-side analysts is that S&P 500 earnings this year will reach historic levels, but those forecasts are too high, according to 50% of 380

The team of divers was training in the giant kelp forests of eastern Santa Cruz Island in California’s Channel Islands National Park.

US equities are now expected to show an annualized total return of 4% over the next decade, much lower than the 12% seen in the previous 10 years, strategists Sarah McCarthy and Mark Diver wrote in a note.

The firm said the prospects that corporate profits can justify current valuations are growing dim.

Big European companies have delivered significantly stronger than expected first-quarter results, defying a challenging economic backdrop that includes surging inflation and rising interest rates.... | May 19, 2023