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An alarming number of companies have warned that earnings will fall short of expectations when they release results in a month’s time.
The group, including PP Industries Inc. and Sherwin-Williams Co., are primarily materials producers who have struggled with supply chain disruptions. Although they represent only a small portion of the S&P 500, their earnings have historically been the most correlated with those of the index of any sector, according to a study by Bank of America Corp.
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