SocGen Slams the Corporate 'Cheating' Season
The stock rally will fade once a game-filled earnings season ends, according to the bank.
Another beat!
Photographer: Scott Eells/BloombergThis article is for subscribers only.
Andrew Lapthorne, global head of quantitative strategy at Société Générale, has a certain disdain for the game of "lower and beat" that companies play with the analyst community each quarter.
And he's not afraid to spell this out clearly, as the title of his latest note proves: