Traders are lifting bets on pandemic-era sharemarket darlings tumbling in value as surging cost inflation and receding household wealth threatens to deliver a whipsaw earnings season next month.
The violent macroeconomic shift has left analysts scrambling to update profit forecasts for financial 2023, and short sellers lining up their ducks as ASX companies risk missing guidance.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
