Jewell from BlackRock says the market is too optimistic about US stock earnings expectations.
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“If you look at the current earnings forecasts for this year, they are still in a fairly high double-digit range—15%, 16%, 17%, 18%—so there is quite a bit of room for them to come down,” said Jewell, Chief Investment Officer of International Fundamental Equities at BlackRock, the world’s largest asset management company, in an interview.
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