Earnings are looking bad …
But what’s coming could be even worse
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(Bloomberg) -- European stock futures fell as the region’s energy crisis continued to escalate and investors fretted over the hawkish central banks’ impact on the economy while monitoring news about the UK government’s tax proposal. December contracts on the Euro Stoxx 50 Index were down 1.2% by 7:38 a.m. in London after earlier falling as much as 2.4%. FTSE 100 futures also pared early losses to trade down 1% after Prime Minister Liz Truss dropped a plan to cut taxes for the highest earners just 10 days after announcing it. Read More: Relentless Dollar Rally Raises Bets on Interventions...
The stock market came under pressure after the consumer price index report for August showed higher-than-expected inflation.
Need to Know: Short-term pain for long-term gains. Investors need to settle in for the long haul, says Bernstein. Need to Know July 20, 2022 View in Web Browser Short-term pain for long-term gains. Investors need to settle in for the long haul, says Bernstein. By Barbara Kollmeyer Critical information for the U.S. trading day
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero