The current earnings season is being overshadowed by macroeconomic forces such as conflict in the Middle East and surging Treasury yields. As a result, S&P 500 Index constituents are moving in unison as global events sway the markets. This is making it difficult for stock pickers to outperform their benchmarks, with only 37% of large-cap active managers outperforming their benchmarks as of September. Investors are now looking to Big Tech giants earnings next week for signs of whether Wall Street projections are too optimistic.
Mid-Market Update: Stocks lower as soft landing fantasy seems unlikely, Energy prices jump, Gold rallies, Bitcoin Hovers - MarketPulse
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Stocks struggle to stabilize as markets focus on Russia-Ukraine talks, Musk still hodling cryptos - MarketPulse
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