Falling GDP estimates for next year would not matter except that the stock market has turned into an anticipation machine, and corporate America will likely do the same. We can expect less investment by companies that expect less growth. Anyway, Liz Young reports that "Consensus points to only 2% EPS growth for the S&P 500 next year, that's less than the 8-9% that was expected in Q2. 2022 EPS estimates are down 3.2% from their peak while 2023 estimates are down 8.5%" #CoSoFinance