Corporate Profits
What Will Be The Key Drivers Of A US Earnings Rebound…
On The Broadening US Equity Rally…
Taking Stock Of The US Earnings Season…
Further Upside For US Consumer Discretionary Stocks…
Not A Crisis After All
Not…
The Global Buyout Sector Is Expensively Valued…
US Earnings Season: What Is Penciled In…
Winners Among Chinese Industrial Sectors…
The recovery of China’s industrial profits is set to disappoint in 2H 2023. Corporate profits are more sensitive to changes in prices than volumes. Given producers’ selling prices will keep deflating through 2023, industrial profits will only stabilize at a very depressed level even with a mild improvement in volume. A disappointing recovery in industrial profits entails more downward risks for A-share prices in absolute terms. Chinese 10-year bond yields are set to drop to a record low.
Will The Equity Rally Broaden…