Central banks vs inflation the only show in town
ANALYSIS: Earnings season a mere sideshow for US Fed, which doesn’t care about a bear market.
The NYSE dropped like a stone in mid-June, falling more than 10%, in response to the Fed’s 75bps hike.
This past week has seen Wall Street flooded with earnings releases as the July reporting season hits full flow. A good earnings season with plenty of positive surprises would normally set the scene for a strong sharemarket performance. And, by and large, this has been a decent reporting season so
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