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TJM Investments' Timothy Anderson: The Story Of Lower Earnings Guidance Is 'Not Getting A Lot Of Attention Yet'


The following is a note from TJM Investments' Timothy Anderson.

The story of lower earnings guidance is starting to take hold quicker than many have expected, and it’s not getting a lot of attention yet.

This morning's recap discussed the likelihood of Big Global CIOs shifting some equity allocations from US to Europe:

In the US we've just finished 3 rounds of QE over the last 5 to 6 years. GDP growth hit what will likely be a high water mark of +5 percent in 3Q 2014 and although estimates are for +3 percent to +4 percent for 2015, earnings estimates for 2015 are being reduced a bit from where they were 3 to 6 months ago.

It would not be surprising to see some equity funds flows from US markets to the Eurozone as their stimulus initiatives take hold.



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