"Earnings estimates for the last two quarters of this year and fiscal year 2023 are coming down. S&P 500 third quarter 2022 is expected earnings growth of +0.7% down from +7.2% at the start of the period. Fiscal year 2023 aggregate earnings estimates are down 4% from the mid-April peak," says Sheraz Mian. Mian weighs in on why earnings estimates have dropped throughout the quarter.
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