Deutsche Bank strategist: US stock second quarter corporate profits expected to significantly exceed expectations.

Deutsche Bank stated that the improvement in the macroeconomic situation, coupled with the improved outlook for the technology sector, will support US corporate earnings in the second quarter to exceed previous high market expectations. An article written by the bank's strategist team led by Bingim Chada mentioned that the global manufacturing purchasing managers index has significantly rebounded, oil prices have risen, the US dollar has weakened, and the rapid growth in profits of artificial intelligence-related businesses, all these factors together are expected to drive the year-on-year growth rate of US stock corporate earnings to reach 29.3%, which is approximately 3 percentage points higher than market consensus expectations. The overall guidance for corporate earnings in the second quarter provided by institutions is extremely optimistic, leading to an upward adjustment in the market's consensus expectations for S&P 500 earnings growth to 26.2%, which not only exceeds the four-year peak of 25.2% in the first quarter but also is twice the highest record of expectations in previous non-recession recovery cycles.