The profit picture is worsening even as Congress approved a $2 trillion funding package and stocks began to rebound from weeks of selling that ended the longest U.S. bull market.
“One possibility is some companies presenting separate guidance paths that account for best-case, middle-case, and worst-case pandemic scenarios.” “Largely companies are saying, listen, ‘I don’t know what’s going on. We’re pulling our guidance. You’re on your own,’” Jonathan Golub, chief U.S. equity strategist at Credit Suisse Securities in New York, said on a call on Friday.
Fears of a U.S. recession have mounted for weeks as strict measures to contain the coronavirus have led to temporary business shutdowns and a wave on layoffs. Data released on Thursday showed a record of more than 3 million Americans filed claims for unemployment benefits last week. FILE PHOTO: Household provisions are seen in depleted quantities with nearly empty shelves at a department store in Washington, D.C., March 15, 2020. REUTERS/Gavino Garay
lives over earning We get back to work, once this is over.
Lonely bull.
Bracing for another American war on some poor country most likely with natural resources to get some money back....
We will balance, with sectors That are overwhelmed with Production