Still Bullish Over Medium-Term; Growth/FAANG Not Done

Our latest review shows that the impressive recovery in our earnings revisions work has finally cooled, somewhat. After a nearly uninterrupted period of improvement from 3/20 through early September, it’s not surprising that a pause occurred. Especially since the domestic economic re-openings stalled during August.

With that said, our medium-term bullish outlook remains unchanged. By itself, a slowing of earnings revision metrics would spell trouble for the individual stocks that experienc...

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