US markets could head lower as earnings downgrades pick up pace: Chris Wood

Corporate earnings in the US, meanwhile, are likely to be under pressure amid recession fears. Analysts have already started cautioning investors as regards a drop in earnings

Christopher Wood, global head of equity strategy at Jefferies
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Christopher Wood, global head of equity strategy at Jefferies

Puneet Wadhwa New Delhi
Earnings downgrades amid an economic recession are the next big worry for the US markets that are already grappling with inflation-related woes, said Christopher Wood, global head of equity strategy at Jefferies in his recent note to investors, GREED & fear. This, he feels, can trigger more downside in the US markets that can drop substantially lower compared to their June 2022 lows.

"The S&P500 has broken below its June low. Does this mean that US equities should be bought? A short-term rally off this level would not surprise. But, in GREED & fear’s view, US equities are, sooner or

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First Published: Sep 30 2022 | 10:59 AM IST

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