Strong profits overshadowed by economic concerns in muted earnings calls
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Companies' earnings calls have been muted despite strong economic data and profits. Fears about consumers and future growth outweigh current success.
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Consumers are showing early signs of pulling back spending, worrying companies dependent on them. Higher prices and rates are eroding disposable income.
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Labor unrest and strikes have hurt some companies' profits and operations, especially in autos. Wage growth is cooling overall though.
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Conflicts like Israel-Gaza have minor direct impact on earnings, unlike bigger issues like China relations and interest rates.
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Eventually higher rates will catch up to companies, squeezing profits when refinancing debt. Threats remain despite ending the earnings recession.