- Our analysis of corporate tax payments indicates that companies are likely going to beat expectations this earnings season by a smaller margin than has been the case for much of this credit-led bull market
- The stock price decline of the last three months has likely more than anticipated this “OK” but not “great” earnings season
- Given the strong demand for credit, buybacks and M&A are likely going to grow even more as companies emerge from their quiet periods
Sign up to access the rest of this content!
This content is not available to free users. Sign up for a paid account to access the rest of this content.