A 1% reduction is taking shape, with most companies already reporting, and things could’ve been worse.
But even if they stay in the black, they will be puny compared to 2018’s blowout.
After an eight-year run, Fed rate cuts and a slowing economy are seen as poised to weaken it.
Record leverage, at 46.6% of GDP, leaves companies vulnerable, says economist Lonski.
Strong economy overcomes predictions of a down quarter and may push up profits ahead.
Analysts’ consensus is for a drop in first quarter profits, but a tepid recovery for the rest of 2019.
Corporate profit growth is certainly ebbing, but the picture is far from grim.
Strong equity market performance in January 2019 helped partly reverse course.
Firm says investors likely got ‘the bulk’ of their 2019 returns last month.
Sentiment survey finds positive sentiment drops to 48% from 67%.