Slashed profit expectations may set stage for gains

New York

There could well be a silver lining in all the caution around the stock market as the earnings season approaches: Shares do way better when profit expectations have fallen, and lately, they’ve been falling like a rock.
By at least one measure, this is the most negative analysts have been ahead of a reporting period in nearly four years.
Fourth-quarter reports get rolling next week with results from JPMorgan Chase (JPM.N) and other big banks.—Agencies

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