A key pillar of the bull case for stocks could be set to crumble, famed strategist warns [Business Insider]
SOCIETE GENL FRNCE S/ADR (SCGLY)
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Source: Business Insider
Have an account? Log in Permabear Albert Edwards warned investors on Thursday of waning earnings optimism amid high oil prices. The Société Générale strategist sees potential for stagflation due to the US-Iran conflict. Stocks surged earlier this week on hopes of a resolution to war. AI-generated summary Summaries are generated by an AI model trained on Business Insider's articles. AI may make mistakes or provide inaccurate/incomplete information. We're unable to load that answer right now. Please try again. What is stagflation and its effects? Who is Albert Edwards? How can conflicts affect stock markets long-term? How do oil prices impact earnings optimism? What is the significance of analyst upgrades? Amid all the Iran-war-driven chaos , one pillar that bulls have been able to lean on is the resiliency of earnings. Loading audio narration... That pillar might be starting to wobble, however, according to Société Générale strategist Albert Edwards Forwa
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