Market Watch
Barbara Kollmeyer
Nov. 1, 2018
Excerpt:
Our call of the day from Binky Chadha, chief U.S. equity & global strategist at Deutsche Bank, addresses that mood, saying investors should chill because we are just returning to earnings normality here.
Chadha attempts to address earnings anxieties that have plagued the market. He says fretting over beats and guidance are overdone. The analysts says the fact is that results are returning to historical norms; and as a result, may be lower than in recent quarters, but are still higher than the historical average.
“We see this reversion to normal as typical following unexpected accelerations in growth (such as those coming out of recessions and shocks including the effects of the recent cut in the corporate tax rate),†says the strategist.
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https://www.marketwatch.com/story/dumping-us-stocks-over-earnings-disappointment-is-a-mistake-says-deutsche-bank-2018-11-01?mod=newsviewer_click
