Latest / Markets with Megan: A Quick Financial Markets Update
Earnings Forecasts Clash with Economic Realities | Episode 182 | 10-22-24
In this episode of Markets with Megan, CIO Megan Horneman discusses the latest developments in the third-quarter earnings season for the S&P 500. With financials kicking off the reporting, Megan highlights key trends such as banks' mixed decisions on loan loss reserves and the implications for consumer debt—especially the rise in credit card usage amid soaring interest rates.
She breaks down earnings growth expectations, noting a projected 3% year-over-year increase, but stresses that the gains are heavily concentrated in the "Magnificent Seven" stocks. Without them, the overall growth is…
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