A key pillar of the bull case for stocks could be set to crumble, famed strategist warns
Inflatie
Amid all the Iran-war-driven chaos , one pillar that bulls have been able to lean on is the resiliency of earnings. That pillar might be starting to wobble, however, according to Société Générale strategist Albert Edwards . Forward 12-month profit estimates, which tend to be the primary driver of stock performance, were revised up again in March for the S&P 500. The rosy outlook for earnings has provided solace to investors recently — despite gas prices threatening to fuel both inflation and a
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