
The second-quarter reporting season is upon us, and the second quarter has been a tricky one for companies to navigate. COVID lockdowns in China – a nation often called the "world's factory," the war in Ukraine and skyrocketing inflation served as recipes for a looming disaster.
Profit Slowdown In The Cards: The year-over-year profit growth of S&P 500 companies will likely decline to 4.3%, the slowest since the 4% growth in the fourth quarter of 2020, Factset said in its weekly "Earnings Insight" report.