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Profit picture for Q2 and into 2020
Downward earnings revisions for Q2 were a mile wide and an inch deep. Outside of a data quirk in Q4, CY19 consensus is reasonable unless the economy falters. Higher inflation and faster economic growth will be needed to hit consensus estimates' modest reacceleration call for CY20.Ned Davis Research | Equities | U.S. Focus | Weekly
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