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Earnings outlooks are being slashed amid the highest uncertainty for US firms since the pandemic, Morgan Stanley's CIO says

By Yahoo! Finance   |   3 weeks ago
Earnings outlooks are being slashed amid the highest uncertainty for US firms since the pandemic, Morgan Stanley's CIO says

Morgan Stanley's Mike Wilson highlights the unprecedented levels of earnings revisions breadth, indicating a bleak outlook for corporate profitability. The uncertainty surrounding trade wars, interest rates, and recession fears are causing a significant downturn in future profit estimates.

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