Markets in 2H: Earnings Downgrades and Margin Compression
We look back at what markets did in the first half of the year and highlight the main themes for the second half.
IN THIS PUBLICATION:
- We’re witnessing the largest financial wealth destruction in US history.
- The first half of the year was mainly about multiples compression, whilst the second half will likely be about earnings downgrades /margin compression.
- If you thought that H1 was exciting, hang on for what H2 may potentially have in store for us.