Business
Reality check: Booming sharemarkets are about to face a big test – Sydney Morning Herald
We will soon have the first full insight into the worst impacts of the coronavirus on America’s biggest listed companies, which will be a big test for the exuberant world markets, including in Australia.
Expectations of the earnings are low even though valuations are high.
The consensus forecast is for a 44 per cent slump in the earnings of the S&P 500 companies, which sits oddly against the sur…
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