Traders Magazine: Automakers’ Interim Data and Quarterly Earnings in the Spotlight

See the full article on Traders Magazine.

Excerpt:

Second-quarter earnings season is now in full swing. There is much pessimism this go around – a far cry from re-opening optimism and the “roaring 20s” narrative that the bulls hoped for. The reality is that global stocks are decidedly in a bear market and the macro economy appears to be on the brink of recession. Wall Street analysts have begun slashing GDP growth forecasts and S&P 500 earnings projections. Wall Street Horizon highlighted three key themes for the Q2 reporting season: rising interest rates, inflationary pressures, and growing recession risks.

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