Deutsche Bank High Expectations for S&P Earnings
Deutsche Bank stated that the S&P 500 Index continues
to deliver earnings that exceed expectations,
and are above previous historical averages.
The bank also stated that the index could achieve record
profits in the third quarter of the year,
which could reach more than 13%, exceeding the second-quarter profits of the same year,
which achieved profits of more than 9%.
Various sectors in the index have begun to show positive signs of recovery,
with the technology sector dominating the growth and profits that drive the index.
The bank's analysts also stated that most companies will announce
their earnings results over the next two weeks,
which are expected to significantly impact the index's movement.
On the other hand, the index is still moving within a strong uptrend.
This follows a breakout of the previous resistance levels at 6,772,
confirming the current upward trend.
From a technical perspective, expectations still point to a continued
upward trend in the long term.
Especially since most reports also agree with this positive outlook for the index.
Therefore, it is recommended to conduct research and focus on buying
activity with any correction in the index.
The previous resistance levels at 6,772 are considered
good buying levels if tested.
