What is the general outlook for the economy as mentioned in the text?
Tackling Recession Fears
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The transcript discusses the current state of earnings revisions, noting a deceleration but not as bearish as previous quarters. Bank earnings showed some surprises, and overall, companies are performing well despite fears of economic deterioration. The market is forward-looking, with expectations for double-digit earnings growth in 2024. Analysts are adjusting their expectations, and while some consolidation is expected, the overall outlook is positive.
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What do analysts expect for the S&P 500 earnings in the next 12 months?
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