The market is still underestimating the number of cuts this year: Morgan Stanley
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Goldman Sachs: S&P 500 results for 1Q offer mixed views on the consumer
May 20, 2024 7:23 AM EDTGoldman Sachs said in a note Monday that the S&P 500's first quarter 2024 results reflect a nuanced picture of consumer behavior.
While overall earnings per share (EPS) for the S&P 500 rose by 6% year over year, surpassing initial expectations of 3% growth, the stock market's reaction was varied, said the investment bank.
They noted that unusually, stocks that... More
