3Q Earnings Preview: Rough Ride Ahead?

<p>"Earnings estimates for the last two quarters of this year and fiscal year 2023 are coming down. S&amp;P 500 third quarter 2022 is expected earnings growth of +0.7% down from +7.2% at the start of the period. Fiscal year 2023 aggregate earnings estimates are down 4% from the mid-April peak," says Sheraz Mian. Mian weighs in on why earnings estimates have dropped throughout the quarter.</p>