Analyst Adam Parker, the founder of Trivariate Research, is reversing course on his earlier bearish outlook on U.S. corporate earnings, saying that fears around tariffs and inflation may have been overblown.
What Happened: On Monday, Parker admitted to being a little “too harsh” while slashing his corporate earnings estimates for the year, way back in April. In an interview with CNBC’s Closing Bell, Parker says that his initial reaction was to lower his “estimates by a lot,” with the notion that “this tariff stuff’s going to be bad.”
