77% Of Economic Activity Lost To Social Distancing Is Back, But An Economic Recovery Still Depends On A Vaccine

Third-quarter earnings season officially kicks off this week with big banks, airlines and consumer-staple firms set to report on Tuesday, and though Wall Street’s eyeing improvements over the previous quarter, a sustained economic recovery is still ultimately contingent on widespread vaccination.... [+]

Expect weak and uneven sales growth, and a collapse in profit margins, to characterize third-quarter results, Goldman Sachs said in a weekend note to clients, adding that it still expects election results will have more of an impact on stocks than earnings, and that ultimately, vaccination is"essential for the normalization of the economy."

Meanwhile, wealth management firm Glenmede said Monday that although it estimates 77% of economic activity lost due to social-distancing mandates has been regained, it only expects earnings will see a small rebound from an “abysmal” second quarter.

Depends on a vaccine? You are kidding!!! Gates getting that money!

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77% Of Economic Activity Lost To Social Distancing Is Back, But An Economic Recovery Still Depends On A VaccineAs earnings season kicks off on Tuesday, investors should expect a small improvement from the second quarter, but a full economic recovery is unlikely until there's widespread vaccination, which will most likely come in the second half of 2021, experts say. Great Barrington Declaration Yes, the implementation of Covid rules, in my opinion is the worse customer service skills to build relationships in business with customers. How to implement a recession? Enforce bad customer service in the Customer Relationship Management Strategy. 😥 Retailers, venues, schools, restaurants without outdoor seating and other establishments still haven’t reopened. Those that can still aren’t able to run past 25% capacity. Where on this Covid Earth were these numbers grown?
Source: Forbes - 🏆 394. / 53 Read more »