Wed, 5 August 2020
Second quarter expectations were pretty low due to covid uncertainties – why is the market doing so well when everything feels so awful?
Why is the market doing so well when everything feels so awful? 84% of S&P 500 companies have reported earnings so far and the good news is 60% have reported a positive revenue surprise after analysts downgraded their expectations. The bad? Compared to Q2 2019 we’ve declined by 35.7%, the largest year over earnings decline since 2008. Other topics:
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