First American

Stock Bulls Embrace Rosy Estimates That Tend to Buckle in Crises

To Jerry Braakman, chief investment officer and president of First American Trust, it makes sense the market has dropped almost 15% since the start of the year. “Stocks trade on the future,” he said by phone. As stock continue to drop, investors are looking into estimating profits as Corporate America is doing well. Supply chain, the war in Ukraine, and inflation are one of many things that are currently impacting the stock market.

Read more about the current stock market and how investors are reacting in this article by Bloomberg.

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